Meinian Onehealth Healthcare Holdings Co., Ltd. announced a private placement of not more than 407,830,342 shares at an issue price of CNY 6.13 per share for gross proceeds of not more than CNY 2,499,999,996 on September 10, 2021. The company entered in to purchase agreement with the new investor, Qingdao Meihe Medical Health Technology Partnership Enterprise (Limited Partnership) for all shares issued. The company's total share capital is 3,914,253,923 shares.

The transaction was approved by board of directors in its 34th extraordinary meeting of the company's 7th directorate. The transaction is subjected to approvals of the company's shareholders and the China Securities Regulatory Commission. The securities issued cannot be transferred within 18 months from the issuance closing date.