Shenzhen Techand Ecology & Environment Co., Ltd. ("Techand," stock code: 300197) intends to introduce strategic investors and issue stocks to them. On April 19, 2020, it signed the Strategic Cooperation Agreement and Conditional Non-public-Share Subscription Agreement with China Energy Conservation and Environmental Protection Group which will subscribe for 469 million targeted-placement shares of Techand at a price not more than RMB 1,407 million. On December 25, 2020, the targeted placement of shares was approved by the China Securities Regulatory Commission for registration.