Grand Biotech Plant Protection (Shanghai) Co., Ltd. announced that it will receive CNY 300 million in an equity round of funding on December 19, 2022. The transaction will include participation from Grand Industrial Holding Co.,Ltd. The transaction has been approved in the tenth session of the board of directors of the company held the fourteenth meeting of 2022. After the capital increase, the registered capital of the company will increase from CNY 300 million to CNY 600 million.