Bright Agro-pastoral Technology Co., Ltd. announced that it will receive CNY 960,393,000 in a equity round of funding on March 18, 2024. The transaction will include participation from returning investors Shanghai Maling Aquarius Co.,Ltd for CNY 489,800,400, and Shanghai Yimin Food Factory (Group) Co., Ltd. for invest CNY 470,592,600. Total funds raised in the transaction will be added to the registered capital of the company.

This has been approved in the 19th session of the Shanghai Maling Aquarius Co.,Ltd' s 9th directorate. The company will raise money in two tranches, with the first first tranche amounting to CNY 700,000,000 to be paid before the end of April, 2024, the second tranche amounting to RMB 260,393,000 to be paid before the end of December, 2024. The registered capital of the company is CNY 1,000,000,000.

This transaction still needs to be approved in the Shanghai Maling Aquarius Co.,Ltd' s shareholders? meeting.