Vietnam Runyang Technology Co., Ltd. announced a private placement of common shares for the gross proceeds of $10.2 million on December 29, 2020. The transaction will include participation from existing investor Zhejiang Runyang New Material Technology Co., Ltd. (SZSE:300920). The transaction has been approved at 21st meeting of the second board of directors of Zhejiang Runyang New Material Technology Co., Ltd. (SZSE:300920).