Zhangjiagang Free Trade Zone Changjiang International Harbor Co., Ltd. announced that it will receive CNY 586,682,265.35 in an equity round of funding on March 18, 2022. The transaction will include participation from existing investors Zhang Jia Gang Freetrade Science&Technology Group Co.,Ltd. for CNY 532,356,865.35 and Zhangjiagang Free Trade Zone Foreign Investment Service Co., Ltd. for CNY 54,325,400. Post the closing of the transaction, the registered capital of the company will increase from CNY 594,125,200 to CNY 1,180,807,465.35 and Zhang Jia Gang Freetrade Science&Technology Group Co.,Ltd. and Zhangjiagang Free Trade Zone Foreign Investment Service Co., Ltd. will continue to hold 90.74% and 9.26% stake in the company respectively.

The transaction has been approved in the 3rd session of the 9th board of directors of Zhang Jia Gang Freetrade Science&Technology Group Co.,Ltd. and the proposal still needs to be submitted to Zhang Jia Gang Freetrade Science&Technology Group Co.,Ltd's shareholders in annual general meeting.