Shanghai Trendzone Holdings Group Co.,Ltd announced a private placement that it will issue shares for the aggregate gross proceeds of CNY 710,000,000 on November 27, 2023. The transaction will include participation from Dayou Kerong (Beijing) Technology Center (Limited Partnership); Wang Jianjun; Fei Zhanjun; Shanghai Xiefeng Private Fund Management Co., Ltd.; Ningbo Yuancan Enterprise Management Consulting Partnership Enterprise (Limited Partnership); Shenzhen Qianhai Hongfeng Private Securities Fund Management Co., Ltd. and Shenzhen Yinyuan Investment Partnership Enterprise (Limited Partnership). The restructuring investors will pay the restructuring investment funds to the designated account not later than December 11 ,2023.