Guangdong Jianyi Electric Power Communication Engineering Co., Ltd. announced a placement of common shares for gross proceeds of CNY 20,000,000 on May 7, 2023. The transaction will include participation from returning investor, Shenzhen Jianyi Decoration Group Co., Ltd. The transaction has been approved at the twenty-eighth meeting of the fourth board of directors of Shenzhen Jianyi Decoration Group Co., Ltd. and does not no need to be submitted to the general meeting of shareholders for consideration. The company's registered capital will increase from CNY 30,000,000 to CNY 50,000,000 through the transaction.