Meinian Health Industry (Group) Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 1,700,000,000 on October 28, 2021. The transaction will include participation from returning investor Meinian Onehealth Healthcare Holdings Co., Ltd. to retain its 100% stake in the company. The transaction has been approved in the the second (temporary) meeting of the investor's eighth session of the board of directors. Post the transaction, the registered capital of the company will increase from CNY 1,510,838,148 to CNY 3,210,838,148.