Zijin Trust Co.,Ltd announced a private placement of common shares for gross proceeds of CNY 2,487,910,000 on August 6, 2021. The transaction will include participation from new investor, Jiangsu Expressway Company Limited which will invest CNY 1,989,582,000 of which, CNY 654,215,100 will be added as registered capital, the remaining amount CNY 1,335,366,900 will be added as capital reserve and existing investor, Sumitomo Mitsui Trust Bank, Limited, Investment Arm which will invest CNY 498,328,000, of which, CNY 163,860,400 will be added as registered capital, the remaining amount CNY 334,467,600 will be added as capital reserve. As a part of the transaction, company’s registered capital will increase from CNY 2,453,000,000 to CNY 3,271,075,500. Post the completion, the investors will own 20% stake each in the company. The transaction has been approved in the 2nd session of the Jiangsu Expressway Company Limited’s 10th directorate. The transaction is subject to the approval by the state-owned assets supervision and administration department, China Banking and Insurance Regulatory Commission. The investors will make full payment in a lump sum for the subscription for the capital increase to the company within five (5) working days upon approval of the capital increase by the state-owned assets supervision and administration authority, the China Banking and Insurance Regulatory Commission and their local offices and other competent authorities and receipt of the notice on payment for subscription for the capital increase from the company. The company has been valued at CNY 7,460,000,000 as of March 31, 2021.