Guangzhou Junfeng Real Estate Development Co., Ltd. announced that it will receive CNY 750 million in an equity round of funding on April 9, 2021. The transaction will include participation from returning investors Guangzhou Pearl River Industrial Development Co., Ltd. for CNY 375 million, Guangzhou Urban Construction Development Nansha Real Estate Co., Ltd. for CNY 337.5 million and Guangzhou Huixing No. 8 Industrial Investment Partnership (Limited Partnership) for CNY 37.5 million, to retain 50%, 45% and 5% respective stake in the company. The transaction has been approved by fourth meeting of the tenth board of directors of Guangzhou Pearl River Industrial Development Co., Ltd. Post-closing of the transaction, the registered capital of the company will increase from CNY 50 million to CNY 800 million. The company will receive funds within 10 days after signing the agreement.