China Merchants Property Management Co., Ltd. announced that it will receive CNY 75 million in equity funding on August 21, 2020. The transaction will include participation from existing investor China Merchants Property Operation and Service Co., Ltd. (SZSE:001914) which will continue to hold 100% stake. The registered capital of the company will increase from CNY 25 million to CNY 100 million. The eighth meeting of the investor's ninth board of directors deliberated and approved the transaction. This capital increase does not constitute a related transaction and does not need to be submitted to the investor’s shareholders meeting for deliberation, nor does it constitute a major asset reorganization.