Taishan Fuma Feed Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 32,000,000 on October 21, 2020. The transaction involves participation from existing investor, Fujian Tianma Science and Technology Group Co., Ltd (SHSE:603668). Post-closing of the transaction, the registered capital of the company has increased from CNY 28,000,000 to CNY 60,000,000. Post-closing of the transaction, the investor continue to retain its 100% stake in the company. The company has completed the change of business registration of its capital.