Inner Mongolia Yiyingmei Dairy Co., Ltd. announced that it has entered into an agreement to receive CNY 50,000,000 in an equity round of funding on September 11, 2020. The transaction will include participation from new investor Beijing Dabeinong Technology Group Co.,Ltd. (SZSE:002385). Post-closing, the registered capital of the company will increase from CNY 100,000,000 to CNY 150,000,000. Post closing of the transaction and acquisition, Beijing Dabeinong Technology Group Co.,Ltd. will hold 80% stake in the company and Inner Mongolia Shengmu High-tech Farming Co., Ltd. will hold 20% stake in the company, respectively. The transaction has been approved in the 7th meeting of the 5th directorate of the investor and does not require its shareholders’ approval.