Beijing Shunyi Xincheng Construction and Development Co., Ltd. announced that it will receive CNY 500,000,000 in a round of equity funding from existing investor Tianjin Guangyu Development Co., Ltd. (SZSE:000537) on November 14, 2017. Post the closing, the investor will continue to retain its stake of 100% in the company. Post the closing, the capital reserve of the company will increase from CNY 600,000,000 to CNY 11,000,000,000 and the registered capital of the company will remain unchanged. The transaction has been approved at the 17th session of the 9th meeting of the investor.