Jinhe Michenglai Agriculture (Shanghai) Co., Ltd. announced that it will receive CNY 50,000,000 in an equity round of funding on June 19, 2023. The transaction will include participation from returning investor Guirenniao Co., Ltd. The transaction has been approved in the 25th Meeting of the Company?s 4th Directorate held on June 19, 2023, and does not need the Shareholders? Approval.

The registered capital will increase from CNY 50,000,000 to CNY 100,000,000.