Liaoyang Taizihe Muyuan Agriculture and Animal Husbandry Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 50,000,000 on September 12, 2020. The transaction will include participation from returning investor Muyuan Foods Co., Ltd. (SZSE:002714). The transaction has been reviewed and approved at the 29th meeting of the third board of directors of the investor company. Upon completion, the registered share capital of the target company will increase from CNY 20,000,000 to CNY 70,000,000.