Dinglong Medical Health Industry Investment (Guangzhou) Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 70,000,000 on September 26, 2019. The transaction will involve participation from existing investor, Huawei Culture Co.,Ltd. (SZSE:002502). Post-closing of the transaction, the investor will retain its 100% stake in the company. Post-closing of the transaction, the registered capital of the company will increase from CNY 30,000,000 to CNY 100,000,000.