Beijing Global Safety Tech's Trading To Resume, To Raise Funds

About this update from Beijing Global Safety Technology Co., Ltd. Class A

Beijing Global Safety Technology Co Ltd SZSE:300523:SAYS TRADING IN CO SHARES TO RESUME FROM DEC 3SAYS HEFEI'S STATE ASSET ADMINISTRATOR EXPECTED TO BECOME CO ACTUAL CONTROLLERSAYS IT PLANS TO RAISE UP TO 1.4 BILLION YUAN ($198.00 million) VIA A-SHARE PRIVATE PLACEMENT TO FUND PROJECTS, REPLENISH CAPITAL, REPAY DEBT($1 = 7.0707 Chinese yuan renminbi)

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