Shanghai Lanhai Enterprise Management Co., Ltd. announced a private placement of CNY 340,000,000 on May 31, 2021. The transaction included participation from returning investor Lanhai Medical Investment Co., Ltd. (SHSE:600896). The company will issue common shares in the transaction. Post the closing of the transaction, the registered capital of the company will increase from CNY 10,000,000 to CNY 350,000,000. The transaction has been approved at 13th (temporary) meeting of the investor's tenth board of directors.