Jiangxi Yifeng Pharmacy Chain Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 45,000,000 on August 26, 2021. The transaction will include participation from returning investor Yifeng Pharmacy Chain Co., Ltd. to retain 100% stake in the company. The transaction has been approved at the 5th meeting of the investor's 4th directorate, and do not need the shareholders’ approval. The registered capital of the company will increase from CNY 5,000,000 to CNY 50,000,000.