S Science Co. Ltd. announced private placement of 16,000,000 shares at an issue price of ?30 per share for gross proceeds of ?480,000,000 on November 12, 2021. The transaction will involve participation from returning investor LIH Co., Ltd. The company will pay issuance expenses of ?5,000,000. The allotment date is November 29, 2021. Post the closing, the investors' stake will increase from 13.22% to 23.91%. The company will raise funding trough third party allotment method. The transaction is approved by the board of directors of the company.