Tiantai Huatong Animal Husbandry Co., Ltd. announced that it will raise CNY 150 million in an equity round of funding on December 16, 2022. The transaction includes participation from returning investor Zhejiang Huatong Meat Products Co., Ltd. to retain 100% stake in the company. The transaction was approved by the board of directors in its twenty-sixth meeting of the fourth board of directors and no need to submit it to the general meeting of shareholders for consideration.

After completion of the transaction the company's registered capital will increase from CNY 100 million to CNY 250 million.