Beijing PolySeq Technology Co., Ltd. announced a placement of common shares for gross proceeds of CNY 40,000,000 on March 20, 2023. The transaction will include participation from new investors, Guangzhou Wondfo Biotech Co.,Ltd for 6.25% stake and Guangzhou Zhongfu Yide Equity InvesGuangzhou Sanmei Investment Management Center (Limited Partnership)tment Partnership Enterprise (L.P.), a fund managed by, Guangzhou Sanmei Investment Management Center (Limited Partnership) for 2.08% stake.