China Construction Finance Co., Ltd announced that it will receive CNY 3,000 million in an equity round of funding through capital increase agreement on August 17, 2022. The transaction will include participation from returning investors China State Construction Engineering Corporation Limited for CNY 2,400 million and China Construction Engineering Corp. for CNY 600 million.

After the capital increase, the registered capital of the company will increase from CNY 12,000 million to CNY 15,000 million. The shareholding ratio of China State Construction Engineering Corporation Limited and China Construction Engineering Corp. in company will not be changed.

The transaction has been approved at 22nd meeting of the 3rd board of directors and 13th meeting of the 3rd supervisory committee and does not needs to be reviewed at the general meeting of shareholders. The transaction is still subject to the approval of the Beijing Regulatory Bureau of the China Banking and Insurance Regulatory Commission.