Nanjing Xingye Real Estate Development Co., Ltd announced that it will recieve CNY 300,000,000 in an equity round of funding on February 18, 2022. The transaction will include participation from returning investor, Nanjing Chixia Development Co., Ltd. to maintain its 100% stake in the company. Post the closing, the registered capital of the company will increase from CNY 200,000,000 to CNY 500,000,000.

The transaction has been approved in the 4th meeting of the investor's 8th directorate and is not subject to its shareholders approval.