Zhangzhou Luyan Pharmacy Co.,Ltd announced that it has received CNY 85,000,000 in an equity round of funding on October 27, 2021. The transaction will include participation from returning investor Luyan Pharma Co.,Ltd., which will retain its 100% stake in the company. Pursuant to the transaction the registered capital of the company will increase from CNY 15,000,000 to 100,000,000.

The transaction was approved by the board of directors of the investor in its seventh meeting of the fifth board of directors.