Hunan Pingan Medical Device Technology Co., Ltd. announced that it will issue common shares for gross proceeds of CNY 100,000,000 on May 17, 2022. The transaction will include participation from new investor Winner Medical Co., Ltd. to acquire 69.7% stake in the company to subscribe to registered capital of CNY 4,020,110. The transaction has been approved at the 7th session of the company's 3rd directorate.