Nanda Environmental Planning and Design Institute (Jiangsu) Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 60 million on April 26, 2022. The transaction will include participation from returning investor Academy of Environmental Planning and Design, Co.,Ltd. Nanjing University. Post closing, the registered capital of the company will increase from CNY 10.01 million to CNY 70.01 million.