Chaling Longhua Ecological Agriculture and Animal Husbandry Co., Ltd announced that it will receive CNY 500,000,000 in an equity round of funding from returning investor Tangrenshen Group Co., Ltd on December 28, 2023. Out of total proceeds CNY 442,477,876 will be added to registered capital and CNY 57,522,124.00 will be added to capital reserve. The transaction was approved by the board of directors of the company at its 9th directorate during its 21st meeting.

The funding is raised at a pre-money valuation of CNY 1,142,410,000.