Guangdong Huatie Tongda High-speed Railway Equipment Corporation (SZSE:000976) announced a private placement of not more than 478,703,600 A shares on March 11, 2021. The transaction will include participation from not more than 35 investors. The shares issued should not be more than 30% of total capital prior to issuance. The transaction was approved by the board of directors in 1st session of the company’s 9th directorate for 2021, and 1st session of the company’s 9th supervisory board for 2021. The transaction is subjected to approval of shareholders, China Securities Regulatory Commission, and State Administration for Market Regulation Antimonopoly Bureau. The shares issued are subjected to hold period of 6 months after the issuance completion date. This transaction was already approved by the counter parties’ internal decision-making body.