Shanghai Jiazhang Real Estate Co., Ltd announced that it will receive CNY 5,053,330,000 in an equity round of funding on August 3, 2020. The transaction will include participation from returning investors Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. (SHSE:600663) for CNY 3,537,331,000 to retain 70% stake and Shanghai Lujiazui Development(Group) Company Limited for CNY 1,515,999,000 to retain 30% stake in the company. Pursuant to the transaction, the registered capital of the company will increase from CNY 5,000,000 to CNY 5,058,333,000. The transaction has been approved by the 3rd extraordinary general meeting of the audit committee of the 8th directorate in 2020, the 4th extraordinary meeting of the 8th directorate in 2020.