Xinjiang Tianrun Shahe Animal Husbandry Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 98 million on March 11, 2023. The transaction included participation from returning investor Xinjiang Tianrun Dairy Co., Ltd. Post closing, the registered capital of the company will increase from CNY 150 million to CNY 248 million. The transaction has been approved at the second meeting of the strategy committee of the eighth board of directors in 2023 and the second meeting of the eighth board of directors.