Fujian Hualong Group Feed Co., Ltd. announced that it will receive CNY 128,251,600 in equity round of funding from existing investor Fujian Tianma Science and Technology Group Co., Ltd. (SHSE:603668) on January 18, 2021. The investor's stake will increase from 72% to 81% upon closing. The registered capital will increase by CNY 9,470,000 and capital reserve will increase by CNY 118,781,600 upon closing. The transaction is approved by the 33rd meeting of the 3rd board of directors of the investor and is subject to approval of its shareholders.