Inner Mongolia TianShou Technology&development, CO., LTD. (SZSE:000611) announced that it has signed the subscription agreement with Beijing Tianshou Energy Development Co., Ltd. and will issue not more than 84,500,000 shares at a price of CNY 2.32 per share for gross proceeds of not more than CNY196,040,000 on December 25, 2020. The transaction has been approved by the 43rd session of the company’s 8th directorate and still needs to be approved by the company’s shareholders’ meeting and by CSRC. The investor must not transfer the shares within 18 months after the issuance completion date.