Chongqing Kangtian Mingyue Real Estate Development Co., Ltd announced a private placement of common shares for gross proceeds of CNY 810,000,000 on August 20, 2021. The transaction will include participation from returning investors Langold Real Estate Co., Ltd. for CNY 534,600,000, and Chongqing Kangtian Real Estate (Group) Co., Ltd. for CNY 275,400,000, to continue to retain 66% and 34% stake respectively in the company. The registered capital will increase from CNY 100,000,000 to CNY 910,000,000.

The transaction has been approved in the 8th meeting of 5th directorate meeting of Langold Real Estate Co., Ltd, and does not need the shareholders' approval.