Nanjing Peony Huidu Real Estate Co., Ltd. announced that it will receive CNY 1,090 million in an equity round of funding on April 22, 2022. The transaction will include participation from returning investor, Black Peony (Group) Co., Ltd. to retain 100% stake in the company. The transaction has been reviewed and approved at the sixth meeting of the ninth board of directors of the shareholder company, and still needs to be submitted to the shareholders in company's 2021 annual general meeting for deliberation and consideration.