Qujing Zhanyi Shennong Animal Husbandry Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 40,000,000 on February 23, 2022. The transaction included participation from returning investor Yunnan Shennong Agricultural Industry Group Co.,LTD. Post the closing, the registered capital will increase from CNY 10,000,000 to CNY 50,000,000. The transaction have been approved in the 31st meeting of Yunnan Shennong Agricultural Industry Group Co.,LTD. 3rd directorate, and dos not need the shareholders' approval.