Nanjing Maiyan Real Estate Development announced that it will raise CNY 1 billion in an equity round of funding on April 27, 2023. The transaction will include participation from returning investor, Nanjing Chixia Development Co., Ltd. Post the completion of the transaction, the registered capital of the company will be increased from CNY 200 million to CNY 1.2 billion. The transaction has been approved by the shareholder's of the company in the ninth meeting of the eighth board of directors.