Guangzhou Pinshi Real Estate Development Co., Ltd. announced that it has entered into agreement that it will receive CNY 684,200,000 in an equity round of funding on November 1, 2021. The transaction will include participation from returning investor Guangzhou Pearl River Indutrial Development Co.,Ltd for CNY 348,942,000 and Guangzhou Metro Group Co., Ltd. for CNY 335,258,000. The transaction was approved by the board of directors of Guangzhou Pearl River Indutrial Development Co.,Ltd at its twelfth meeting of the tenth board of directors and ninth meeting of the Audit Committee of the 10th Board of Directors and is subject company's shareholders meeting for deliberation.