Hubei Mailyard Sales Co., Ltd. announced that it will issue shares at a price of CNY 1.57 per share for gross proceeds of CNY 90,000,000 on July 8, 2021. The transaction will include participation from returning investor, Hubei Mailyard Share Co.,Ltd (SHSE:600107) to increase its stake from 90% to 95.6%. Post to the transaction, the registered capital of the company will increase from CNY 10,000,000 to CNY 102,324,800 and the stake held by Hubei Tiangang Investment Co., Ltd. will decrease from 10% to 4.40%.