Jilin Tongyu Muyuan Agriculture and Animal Husbandry Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 250,000,000 on April 29, 2021. The transaction will include participation from returning investor Muyuan Foods Co., Ltd. The transaction has been reviewed and approved at the 37th meeting of the third board of directors of the investor. As a result, company's registered capital will increase from CNY 300,000,000 to CNY 550,000,000.