Ccoop Group Co., Ltd announced that it has signed an agreement to issue 2,600,000,000 common shares at an issue price of CNY 0.5 per share for gross proceeds of CNY 1,300,000,000 on January 3, 2024. The transaction will include participation from new investors, Beijing Zhonghe Rural Credit Enterprise Management Consulting Co., Ltd for 1,165,000,000 shares for 6.08% stake, China Supply and Trade Group Co., Ltd for 1,335,000,000 shares for 6.97% stake and China United Investment Holding Co., Ltd. for 100,000,000 shares for 0.52% stake. The company is expected close the transaction before March 31, 2024.