Zhejiang Garden Nutrition Technology Co., Ltd. announced a private placement of CNY 50 million in equity round of funding on March 24, 2021. The transaction included participation from existing investor Guangdong Hotata Technology Group Co.,Ltd. (SHSE:603848) which will retain its 100% stake. Upon closing, the registered capital of the company increased from CNY 100 million to CNY 150 million. The company has recently completed the industrial and commercial change registration procedures and obtained the Business License renewed by the Market Supervision Administration of Panyu District, Guangzhou City.