Long Yuan Construction Group Co., Ltd. announced that it has received RMB 2,000,000,000 in round of funding on April 24, 2023. The transaction still needs to be approved by the company's shareholders' meeting, approved by the Shanghai Stock Exchange, and approved by the China Securities Regulatory Commission. All issuing subscribers shall subscribe for the shares issued to specific targets in cash.

The fund raised by the issue price is not exceed 30% of the company's total share capital before this issuance. The shares subscribed by the object of this issuance shall not be transferred within six months from the date of completion of the issuance. The subscribers for this issuance to specific subscribers are not more than 35 specific targets that meet the conditions stipulated by the China Securities Regulatory Commission.

The transaction has been approved in the seventh meeting of the tenth board of directors.