Zhongfu Information Inc. announced a private placement to issue not more than 67,913,939 A shares for gross proceeds of not more than CNY 750,000,000 on February 24, 2023. The transaction will include participation from not more than 35 investors. The shares cannot be transferred within 6 months from the issuance closing date. The transaction has been approved at the 28th meeting of the 5th directorate and the 26th meeting of the 5th supervisory board of the company. The transaction is still subject to approval of the company's shareholders, Shenzhen Stock Exchange and the China Securities Regulatory Commission.

On April 26, 2023, the company announced that the application for the issuance of shares has been accepted by the Shenzhen Stock Exchange.