Shanghai Dongyi Real Estate Co., Ltd. announced that it will raise CNY 2,000,000,000 in its equity round of funding on July 29, 2023. The transaction will include participation from returning investors Shanghai Lujiazui Finance & Trade Zone Development Co.,Ltd. and Shanghai Lujiazui Development (Group) Company Limited. Shanghai Lujiazui Finance & Trade Zone Development Co.,Ltd. will invest CNY 1,200,000,000 and Shanghai Lujiazui Development (Group) Company Limited will invest CNY 800,000,000.

The transaction has been and approved in the 3rd meeting of the 9th board of directors audit committee in 2023 and 11th meeting of the 9th board of directors. The transaction is subject to approval of shareholders of the company.