Shandong High-Speed Rail Transit Group Co., Ltd. announced that it will receive CNY 1,160,000,000 in an equity round of funding by capital increase on June 14, 2022. The transaction will include participation from returning investors Shandong Hi-speed Company Limited for CNY 591,600,000 to retain 51% stake, and Shandong Hi-speed Group Co.,Ltd for CNY 568,400,000 to retain 49% stake in the company. The transaction has been approved at the 34th meeting (provisional) of the 6th board of directors of the company and does not need to be submitted to the company's general meeting of shareholders for consideration and approval.