Metro Land Corporation Ltd. announced that it has entered into a subscription agreement with new investor Beijing Infrastructure Investment Co., Ltd to issue 130,725,552 A shares at a issue price of CNY 5.71 per share for the gross proceeds of CNY 746,442,900 on October 30, 2023. The shares subscribed by the investor for this issuance shall not be transferred within 36 months from the completion date. The transaction has been approved in 27th meeting of the 11th Board of Directors and 18th session of the company?s 11th supervisory board, and is subject to company?s general meeting of shareholders, Shanghai Stock Exchange, state-owned assets supervision and administration agency and China Securities Regulatory Commission for registration of this issuance plan.