Hefei Yanzhuang Edible Oils Co., Ltd. announced that it has entered into capital increase agreement with returning individual investor Liu Yan and investor and will receive CNY 106,050,000 in an equity round of funding on December 31, 2019. The transaction will include participation from Foshan Haitian Flavouring and Food Company Ltd. (SHSE:603288). Post capital increase, the registered capital of the company will increase from CNY 105,000,000 to CNY 181,060,000 and Foshan Haitian Flavouring and Food Company Ltd. (SHSE:603288) and returning investor Liu Yan will hold 67% and 33% stake in the company. The transaction has been approved by the board of directors of Foshan Haitian Flavouring and Food Company Ltd. (SHSE:603288) in its 2nd meeting of the 4th directorate.