Guangzhou Shangpin Home Collection Co., Ltd. announced that it has entered into a share subscription agreement with Beijing Jingdong Century Trading Co., Ltd for private placement of not more than 8,278,125 A shares at a price of CNY 64.56 per share for gross proceeds of not more than CNY 534,435,750 on June 25, 2021. Post the closing, the share capital of the company will increase from 198,675,000 shares to 206,953,125 shares. The shares cannot be transferred within 36 months. The transaction has been approved in the 21st meeting of the company’s 3rd directorate, and is subject to its shareholders approval, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.