Nanchang Shuangzheng Agriculture and Animal Husbandry Technology Co., Ltd. announced that it will receive CNY 99,700,000 for gross proceeds on April 26, 2024. The transaction include the participation from new investors Twins (group) Co., Ltd., for CNY 40,000,000 and hold 40% stake and Jiangxi Zhengbang Technology Co.Ltd for CNY 59,700,000 and hold 60% stake in the company and before the capital increase, the company has hold 100% stake. The transaction has been approved in the 3rd independent directors special meeting and 1st meeting of the 8th board of directors.