Guangdong Jiayuan Technology Co.Ltd. announced a private placement of not more than 70,257,493 A shares for gross proceeds of not more than CNY 4,900,000,000 on November 22, 2021. The transaction will include participation from not more than 35 investors including Guangdong Jiayuan Investment Industrial Development Co., Ltd. The issue price will be not less than 80% of the average price of the company's stocks 20 trading days before the first day of the issuance. Shares subscribed by Guangdong Jiayuan Investment Industrial Development Co., Ltd. will have a lock up period of 18 months, and shares subscribed by all other investors will have a lock up period of 6 months. The transaction was approved by shareholders of the company in its fifth extraordinary general meeting, and is subject to approval of Shanghai Stock Exchange and China Securities Regulatory Commission.

On January 19, 2022, the company announced that the application has been accepted by Shanghai Stock Exchange.