Nanjing Yueboo Power System Co., Ltd. (SZSE:300742) announced a private placement of not more than 10,000,000 A shares for an issue price not less than 80% of the average price of the company’s A shares on the 20 trading days prior to the pricing base date for gross proceeds of not more than CNY 42,000,000 on April 26, 2021. Tjhe transaction will include participation from investors not exceeding 35 specific investors. The security issued will have a lock up period of 6 months. The transaction has been approved in the 29th meeting of the company's second board of directors.