Qingdao Jimo Muyuan Farming Co., Ltd. announced that it will raise CNY 60,000,000 in a equity round of funding on September 17, 2021. The transaction included participation returning form Muyuan Foods Co., Ltd. The company’s registered capital is CNY 30,000,000 and after the transaction the company’s registered capital will increase from CNY 30,000,000 to 120,000,000. The transaction was approved by the board of directors of the parent company in its 43rd meeting of the company’s 3rd directorate.