Shandong Tancheng Muyuan Agriculture and Animal Husbandry Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 100,000,000 on April 29, 2021. The transaction will include participation from returning investor Muyuan Foods Co., Ltd. (SZSE:002714). As a result, company's registered capital will increase from CNY 20,000,000 to 120,000,000 The transaction has been reviewed and approved at the 37th meeting of the third board of directors of the investor.