Guangdong Longchuangji Pharmaceutical Co., Ltd. announced a private placement to issue shares for an aggregate gross proceeds CNY 30,000,000 on January 19, 2024. The transaction will include participation from new investor Shanxi Zhendong Pharmaceutical Co.,Ltd for 6.015% in the company. The company held the 14th meeting of the fifth session of the Board of Directors and unanimously reviewed and approved the transaction.