China Zheshang Bank Co., Ltd announced a private placement to issue 129,482,032 A shares at an issue price of 2.02 per share for gross proceeds of CNY 261,553,704.64 on June 15, 2023. The transaction will include participation from returning investor, Zhejiang China Light&Textile Industrial City Group Co.,Ltd. The transaction has been approved at the 18th meeting of the 10th directorate.