Hunan Tianxin Breeding Share Co., Ltd announced a private placement of common shares for the gross proceeds of of CNY 995,253,890.09 on July 21, 2023. The transaction will include participation from returning investor Hunan New Wellful Co.,Ltd. The transaction has been approved has been approved in the 42nd Meeting of the Company?s 5th Directorate and the 31st Meeting of the 5th Supervisory Board and does not need the shareholders approval.