Zhejiang Dun'an Artificial Environment Co., Ltd announced that it will issue 139,414,802 A shares at a price of CNY 5.81 per share for gross proceeds of CNY 810,000,000 in a round of funding on November 16, 2021. The transaction will include participation from Gree Electric Appliances, Inc. of Zhuhai. The company has signed a share subscription agreement with the investor.

The shares issued will be subject to hold period of 36 months from closing. The transaction has been approved at the17th Meeting of the company's 7th Directorate and the 15th Meeting of the 7th Supervisory Board, and is subject to the approvals of its shareholders and the China Securities Regulatory Commission and the State Administration for Market Regulation's Anti-Monopoly Review of Concentration of Business Operators.