Jiangsu Guotai Zijin Technology Development Co., Ltd. announced that it will issue 1,400,000,000 shares at an issue price of CNY 1 per share for proceeds of CNY 1,400,000,000 on February 6, 2023. The transaction will include participation from returning investor Jiangsu Guotai International Group Co., Ltd. The transaction was approved by the board of directors of the company at its second (provisional) meeting of the ninth directorate. Post to the closing, the registered capital of the company will increase from CNY 630,611,774.41 million to CNY 2,030,611,774.41.