Yiwu China Small Commodity City Real Estate Development Co., Ltd announced a private placment of common shares for the gross proceeds of CNY 2.5 billion on April 2, 2021. The transaction will inlcude participation from existing investors Zhejiang China Commodities City Group Co., Ltd. for CNY 1.225 billion and Yiwu China Small Commodity City Holdings Co., Ltd. for CNY 1.275 billion. Post completion of transaction, the registered capital of the company will be CNY 5 billion and the shareholding ratio of both shareholders will remain unchanged. The transaction has been approved at board of directors of the Zhejiang China Commodities City Group Co., Ltd. and subject to approval from shareholders of the company.