Heilongjiang People's Publishing House Co., Ltd. announced that it will receive CNY 300,000 in an equity round of funding from new investor, Heilongjiang Publishing & Media Co., Ltd. on December 6, 2022. Post-closing the transaction, the investor will continue to hold 100% stake in the company. The transaction was approved by the board of directors of the investor at its fourteenth meeting of the third board of directors.

The transaction of capital increase does not need to be submitted to the general meeting of shareholders for consideration.