Jiangsu Ganso Foods Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 8.03 million on April 19, 2021. The transaction will involve participation from returning investor Ganso Co., Ltd. (SHSE:603886). Post the closing of the transaction, the investor will retain its 100% stake in the company. Post the closing of the transaction the registered capital will increase to CNY 20 million.