Jiangsu Yinbao Bright Animal Husbandry Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 196 million on December 10, 2020. The transaction will include participation from returning investor Bright Dairy & Food Co.,Ltd (SHSE:600597). As a result, company's registered capital will increase from CNY 100 million to CNY 500 million. The transaction has been approved at the 51st meeting of the sixth board of directors of the investor.