Changzhou Peony Huidu Real Estate Co., Ltd. announced that it will issue common shares for the gross proceeds of CNY 840,000,000 on April 21, 2023. The transaction will include participation from new investor Black Peony (Group) Co., Ltd. The transaction has been reviewed and approved at the 13th meeting of the 9th Board of Directors and still needs to be submitted to the company's 2022 annual general meeting of shareholders for consideration. The registered capital of the company is CNY 20,000,000.