Hippocampus shares increase approved by SFC

NetEase Financial August 4, the hippocampus shares Wednesday evening notice, August 4, by the China Securities Regulatory Commission Audit committee, the company's Non-public issue a A-share application was approved, to be no less than 4.97 yuan/share of the price of the private issue not more than 610 million shares.　　January 26, the hippocampus shares announced the Non-public offering, the proposed 6.31 yuan/share of the price of non-public offerings not more than 500 million shares, raise funds not more than 3 billion yuan, the funds raised will be used for the hippocampus business 150,000 car technical renovation project and hippocampus Zhengzhou automobile new product development project. Subsequently, the hippocampus shares the board of directors decided to adjust the company's non-public offering options, to be no less than 4.97 yuan/share of the price of non-public offerings of not more than 610 million shares, the company to raise funds to the unchanged. Hippocampus shares said that this is based on the recent domestic a-share market, adjust the issue price and issue quantity to facilitate the completion of the private issue.