Shaanxi International Trust Co.,Ltd. (SZSE:000563) announced that it has entered into subscription agreement for a private placement of not more than 330,578,512 shares at CNY 6.05 per share for gross proceeds of not more than CNY 2,000,000,000 on January 16, 2017. The transaction will include participation from existing investors, Shaanxi Coal and Chemical Industry Group Co., Ltd. which will subscribe to not more than 114,307,210 shares, Shaanxi Provincial Expressway Construction Group Co., Ltd. which will subscribe to not more than 70,526,652 shares, and new investor, Shaanxi Financial Holding Group Co., Ltd. which will subscribe to not more than 145,744,650 shares. The shares must not be transferred within 36 months after the issuance completion date. The transaction has been approved at the 11th session of the company’s 8th directorate. The transaction is subject to shareholders’ approval, approval from State-owned Assets Supervision and Administration Commission of Shaanxi, China Banking Regulatory Commission Shaanxi Branch, and China Regulatory Securities Commission.