Shanghai Trendzone Construction Decoration Group Co.,Ltd. (SHSE:603030) announced that it will issue not more than 161,445,789 A shares for gross proceeds of CNY 466,200,000 on June 10, 2020. The transaction will include participation from not more than 35 special investors. The shares will not exceed 30% of the company’s total share capital before the issuance of 100,000,000 shares. The transaction is valid for 12 months from the date of deliberation and approval by the company's shareholders meeting. The lock-up period for this transaction will be six months. The transaction has been approved by the board of directors in the fifth meeting of the fourth directorate and sixth meeting of the fourth board of supervisors of the company and is subject to the approval of the company's 2nd special shareholders' meeting of 2020 to be held on June 29, 2020 and the China Securities Regulatory Commission.