Qingdao Vland Biological Products Co., Ltd. announced that it will receive an equity round of funding for gross proceeds of CNY 430,000,000 on April 28, 2020. The transaction will include participation from returning investor, GuangDong SongYang Recycle Resources CO.,LTD (SHSE:603863) to retain its 100% stake in the company. The transaction has been approved in the 17th session of the investor's 3rd directorate meeting. Post the transaction, the registered capital of the company will increase from CNY 70,000,000 to CNY 500,000,000.