Entai Environmental Technology (Changzhou) Co., Ltd. announced that it has entered into a capital increase agreement for private placement of common shares for gross proceeds of CNY 150,000,000 on August 14, 2020. The transaction will include participation from existing investor Shenzhen Senior Technology Material Co., Ltd. (SZSE:300568) for CNY 50,000,000 to hold 14.0426% stake, new investors Shenzhen Capchem Technology Co., Ltd. (SZSE:300037) for CNY 40,000,000 for 8.5106% stake, Shenzhen Center Power Tech. Co., Ltd. (SZSE:002733) for CNY 30,000,000 for 6.383% stake, Chengdu Zhongcheng Jiayi Technology Partnership (L.P.) for CNY 20,000,000 for 4.2553% stake, and individual investor Ji Lihong for CNY 10,000,000 for 2.1277% stake. As a result, the company's registered capital will increase by CNY 5,514,705 and the rest will go into capital reserve. This transaction is within the authority of the company's chairman of the board. The expected payment date is September 15, 2020.