Evening of September 2nd，The non-public issuance of A-share stock plan disclosed by Jinjiang Hotel (600754)，The company plans to raise no more than 5 billion yuan in additional capital，70% of the funds raised will be used for hotel decoration and upgrade projects。Detailed plan shown，This issuance of Jin Jiang Hotel is a non-public issuance for specific targets，Issuance targets no more than 35 (inclusive) specific investors，188bet app download Including securities investment fund management companies that meet the prescribed conditions、Securities Company、Trust Investment Company、Finance Company、Insurance Institutional Investors、Qualified foreign institutional investor、Other qualified investors and natural persons, etc.。The number of shares in this private offering shall not exceed 1.500 million shares (inclusive)，The total amount of funds raised shall not exceed 5 billion yuan。

Net amount after deducting issuance expenses，Jinjiang Hotel is used in the hotel decoration and upgrade project、Repay loan from financial institution。The amount of funds raised for the hotel decoration and upgrade project is 3.5 billion yuan，1.5 billion yuan used to repay loans from financial institutions。

Jinjiang Hotel Name，After the implementation of this fundraising project，Will further optimize the company’s layout in 188bet app budget hotels and mid-range hotels，Be able to optimize the company’s capital structure and liability structure，Effectively reduce the company’s financial risks。

188bet app download Source of this article: Beijing Business Daily, author: Liu Fengru, original title：《Jinjiang Hotel plans to raise no more than 5 billion yuan, 70% of which will be used for hotel decoration and upgrade projects》.