Nanning Xixiangtang Muyuan Agriculture and Animal Husbandry Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 180,000,000 on September 12, 2020. The transaction will include participation from returning investor Muyuan Foods Co., Ltd. (SZSE:002714) to retain its 100% stake in the company. The transaction has been approved in the 29th meeting of the third board of directors of the investor. Post the transaction, the registered capital of the company will increase from CNY 20,000,000 to CNY 200,000,000.