Shuangta Food (Hong Kong) Ltd. announced that it will receive HKD 300,000,000 in equity round of funding from existing investor Yantai Shuangta Food Co., Ltd. (SZSE:002481) on April 22, 2020. The investor will continue to hold 100% stake and the registered capital of the company will increase from HKD 500,000 to HKD 300,500,000 upon closing. The transaction is approved by the 20th meeting of 4th directorate of Yantai Shuangta Food Co., Ltd. (SZSE:002481). The transaction is subject to approval of shareholders of Yantai Shuangta Food Co., Ltd. (SZSE:002481).