On July 22, 2015, China Securities Regulatory Commission (“CSRC”) issued a license under No. 1754 of “On the Approval for Private Placement Conducted by Shikongke New Media (Dalian) Co., Ltd.”, permitting Shikongke New Media (Dalian) Co., Ltd. (“Shikongke”) to conduct private placement at the National Equities Exchange and Quotations (“NEEQ”).

A legal service team including senior partner Wu Ding from Capital Markets Department, Dacheng’s Beijing Office advised on this private placement. The key undertakers were attorneys Wu Ding and Li Guanbao.

Shikongke said it would sell 20,202,000 shares at a unit price of 3.35 yuan, and expected to raise 67,676,700 yuan for fund. Its private placement could not be started until it was approved by CSRC, for the number of the shareholders was over 200.

Shikongke is located at Dalian Hi-tech Zone, with the main business in operating advertisement publishing rights for sale, outdoor advertisement publishing, DM advertisement publishing on magazines, advertisement planning and producing, and service and network promoting, based on the self-owned and controlled media releasing platform. Shikongke has been included into the NEEQ Component Index, as it has active transactions since listing, and the private placement has been conducted smoothly.