Qingdao Doublestar Co.,Ltd (SZSE:000599) announced a private placement of up to 186,335,403 A shares at a price of CNY 8.05 per share for gross proceeds of up to CNY 1,499,999,994.15 on January 18, 2016. The transaction is subject to be approved at its 1st extraordinary general meeting of 2016 on February 4, 2016.

On February 1, 2016, the company announced that its 1st extraordinary general meeting of 2016 to be held on February 4, 2016 has been cancelled.