Jiaxing Rongan Property Co., Ltd. announced that it will receive CNY 2,550,000,000 in an equity round of funding on May 17, 2021. The transaction will include participation from existing investor, Rongan Property Co.,Ltd. to retain 100% stake in the company. The transaction has been approved at the 13th interim meeting of the 11th board of directors of Rongan Property Co.,Ltd. and does not need to be submitted to the general meeting of its shareholders.