Wefly (Shanghai) Culture and Media Co., Ltd (Stock Name: Wefly, Securities Code: 836522), a listed company on the new tertiary board, successfully completed a private placement in October, 2016 in which 498,084 shares were issued and seven million RMB in capital was raised. Zhou Xueshuang and Zhou Songtao, the W&B attorneys responsible for the placement, issued legal opinions that provided independent advice on related issues. The share issuance report, the legal compliance opinions and other documents were disclosed and announced on the official website of the new tertiary board on October 26^th, 2016.