Ningxia Yili Dairy Co., Ltd. announced that it will raise CNY 30,878,100 in an equity round of funding on January 12, 2022. The transaction included participation from returning investor Inner Mongolia Yili Industrial Group Co., Ltd. The transaction was approved by shareholders in its extraordinary meeting of the Company's 10th Directorate and the extraordinary meeting of the Company's 10th Supervisory board. The registered Capital will increase from CNY 780,000,000 to CNY 810,878,100 after completion of the transaction.

The transaction does not need shareholders' approval.