Guangzhou Aoyu Sante Culture Co., Ltd. announced that it will receive CNY 190,000,000 in an equity round of funding on March 24, 2016. The transaction will include participation from returning investor Alpha Group and new investors Cao Yongqiang, Shuai Min, Wang Jing, Liu Zhendong, Wang Longfeng, and general staff for CNY 170,000,000, CNY 5,500,000, CNY 1,500,000, CNY 1,800,000, CNY 2,600,000, CNY 1,200,000, and CNY 7,400,000 respectively. Cao Yongqiang, Shuai Min, Wang Jing, Liu Zhendong, Wang Longfeng, and generdhflal staff will acquire stakes of 2.75%, 0.75%, 0.9%, 1.3%, 0.6%, and 3.7% respectively.

Alpha Group will reduce its stake to 90%. The transaction has been approved in the 39th meeting of 3rd directorate of Alpha Group, and does not need the approvals of the shareholders and government departments.