Henan Oriental Silver Star Investment Co.Ltd (SHSE:600753) announced that it has entered into an agreement for a private placement of not more than 38,400,000 domestically listed RMB ordinary shares or A shares of par value CNY 1 at a price of CNY 11 per share for gross proceeds of up to CNY 422,400,000 on February 18, 2020. The transaction will include participation from returning investor Zhonggeng Industry Group Co.,Ltd., individual investors He Zhuxing and Lin Cong for not less than 9,090,910 shares for proceeds of CNY 100,000,010, 21,036,362 shares for proceeds of CNY 231,399,982 and 8,272,728 shares for proceeds of CNY 91,000,008 respectively. The transaction has been approved at the 10th meeting of the 7th directorate of the company and is subject to approval of shareholders' of the company and China Securities Regulatory Commission. The shares subscribed by Zhonggeng Industry Group Co.,Ltd., He Zhuxing and Lin Cong are subject to a lock-up period of 36,18 and 18 months respectively. The resolution of this issuance is valid for twelve months from the date when the shareholders' of the company considers and approves the transaction.