Shanghai Textile Decoration Corp.(Group) announced that it will receive CNY 330,000,000 in an equity round of funding on April 13, 2021. The transaction will include participation from returning investor Orient International Enterprise, Ltd. (SHSE:600278) to retain its 100% stake in the company. Post completion of the transaction, the capital of the company will increase from CNY 100,000,000 to CNY 430,000,000. The transaction has been approved by the board of directors of Orient International Enterprise, Ltd. (SHSE:600278) in the eighth interim meeting of its sixth directorate and the 5th session of the 8th supervisory board and has been approved by the China Securities Regulatory Commission [2020] No. 807.