Liaoyang Taizihe Muyuan Agriculture and Animal Husbandry Co., Ltd. announced a private placement of common shares for the gross proceeds of CNY 160,000,000 on April 29, 2021. The transaction included participation from existing investor Muyuan Foods Co., Ltd. (SZSE:002714). Post completion of transaction, the registered capital of the company will increase from CNY 70,000,000 to 230,000,000. The transaction has been approved at 37th meeting of the third board of directors.