Shaanxi Busen Clothing Intelligent Manufacturing Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 66.5 million on August 18, 2021. The transaction included participation from returning investors Zhejiang Busen Garments Co., Ltd. and Shaanxi Zhongjiang Cultural Industry Development Co., Ltd. The transaction was approved in the 12th meeting of the 6th session of the board of directors. Post the closing, the company's registered capital will increase to CNY 200 million.