East China Architectural Design & Research Institute Co., Ltd. announced that it issue common shares for gross proceeds of CNY 120,000,000 on May 26, 2022. The transaction will include participation from returning investor, Arcplus Group PLC to retain 100% stake in the company. After the completion of this capital increase, the registered capital of the company will increase from CNY 30,000,000 to CNY 150,000,000.

The transaction has been approved at the twentieth meeting (extraordinary meeting) of the tenth session of the board of directors and at the 21st Meeting of the 10th Supervisory Committee.