Tibet Galaxy Commerce & Trade Co., Ltd. announced an equity private placement on January 23, 2018. The transaction included participation from existing investor Tibet Galaxy Science & Technology Development Co., Ltd. (SZSE:000752). The transaction has been approved in the 24th meeting of the 7th directorate by the investor. Post the closing, the registered capital increased from CNY 10 million to CNY 60 million. The company has completed the change of business registration of its capital increase.