Guangzhou Shipyard International Company Limited announced that it will receive CNY 1,070,432,000 in equity round of funding on April 28, 2022. The transaction will include participation from returning investor China CSSC Holdings Limited. Post the transaction, the registered capital of the company will increase from CNY 8,870,144,624 to CNY 9,798,024,640.30.

Out of the total, CNY 927,880,015.99 will be added as registered capital, and CNY 142,551,984.01 will be added as capital reserve. The transaction has been approved in the 2nd session of the 8th directorate of investor The transaction is subject to approval of the shareholders at general meeting of the investor. Post the transaction, investor's holding will increase from 51% stake to 55.64% stake in the company.

The transaction is expected to close within 25 working days after the capital agreement becoming effective.