Zhejiang Conba Chinese Traditional Medicine Co., Ltd. announced that it will receive CNY 131,313,000 in equity funding on January 11, 2013. Existing investors, Zhejiang Conba Pharmaceutical Co. Ltd. and Xu Jianhong will invest CNY 130,000,000 and CNY 1,313,000 respectively to continue to hold 99% and 1% stake in the company.

The transaction was approved by Zhejiang Conba Pharmaceutical Co. Ltd. in 1st special meeting for the 7th directorate for 2013. Of the total amount to be raised, CNY 130,000,000 will be added to registered capital and CNY 1,313,100 will be added as capital reserve.

The registered capital of the company will increase from CNY 80,000,000 to CNY 210,000,000.