FX Hotels Group Inc. announced a private placement with in the limit of 20,000,000 common shares on November 15, 2021. The issue price of the shares shall be no less than 80% of the higher price of the simple average closing price of the its common shares for either 1, 3 or 5 trading days prior to the pricing date, after adjustment for shares issued as stock dividends, shares cancelled in connection with capital reduction and the cash dividends or the simple average closing price of the its common shares for 30 trading days prior to the pricing date, after adjustment for shares issued as stock dividends, shares cancelled in connection with capital reduction and the cash dividends. The transaction has been approved by the board of directors of the company and is subject to its shareholders' approval. The transaction is expected to close once within one-year, November 22, 2021, after resolved in the extraordinary shareholders' meeting.