Tianjin Tianbao Real Estate Development Co., Ltd. Co., Ltd. announced that it will receive an equity round of funding for gross process of not more than CNY 1,000,000,000 on August 6, 2021. The transaction will include participation from returning investor Tianjin Tianbao Infrastructure Co., Ltd. which will continue to hold 100% stake in the company post completion. The transaction was approved at the 14th meeting of the eighth session of the investor’s board of directors and does not need approval at the investor’s general meeting of shareholders.