Gujia Investments Management Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 53,665,600 on March 9, 2018. The transaction will include participation from the returning investor Jason Furniture (Hangzhou) Co.,Ltd. (SHSE:603816). Post this transaction the company's registered capital will increase from CNY 1,000,000 to CNY 54,665,600. The transaction was approved by the board of directors in its 5th meeting of the 3rd directorate.