Beijing Hualian Life Supermarket Co., Ltd. announced that it will receive gross proceeds of CNY 450,000,000 in an equity round of funding on March 29, 2022. The transaction will include participation from returning investor, Beijing Hualian Hypermarket Co., Ltd. to retain its 100% stake in the company. After the capital increase, the registered capital will increase from CNY 300,000,000 to CNY 750,000,000.

The transaction has been approved at the forty-seventh meeting of the seventh board of directors.