According to CoinMeta, Wanders announced its intention to issue shares to Wuhu Yuanchang Equity Investment Co., Ltd., with a total fundraising amount not exceeding RMB 500 million (including the principal amount). After deducting the issuance costs, the funds will be entirely used to repay interest-bearing debts and replenish working capital. The issuer is a wholly-owned subsidiary of Ruiyuan International, which is an indirect controlling shareholder of the company, constituting a related-party transaction. The number of shares issued will not exceed 2,549,9353 (including the principal amount), and the issuance price shall not be lower than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing benchmark date. The subscribed shares cannot be transferred within 36 months from the end of the issuance.