Rugao Rucheng Wenfeng Great World Trading Co., Ltd. announced a private placement of common shares for the gross proceeds of CNY 60 million on April 27, 2023. The transaction will include participation from returning investor Wenfeng Great World Chain Development Corporation. The transaction has been approved in the 20th Meeting of the Company's 6th Directorate and does not need the shareholders approval.

The registered capital of the company will increase from CNY 170 million to CNY 230 million.