Palm Eco-Town Development Co., Ltd announced that it has received CNY 1.078499998 billion in funding from Henan Yuzi Affordable Housing Management and Operation Co., Ltd.

On September 1, 2022, Palm Eco-Town Development Co., Ltd closed the transaction. The company has issued 325,830,815 shares at a price of CNY 3.31 per share for gross proceeds of CNY 1,078,499,997.65 in the transaction. The company has paid issue fees of CNY 7,533,651.04 in the transaction and received CNY 1,070,966,346.61 net proceeds.