Shanghai George Fischer Yada Plastic Pipe Fittings Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 47,953,000 on October 26, 2021. The transaction will include participation from returning investors Ling Yun Industrial Corporation Limited for CNY 23,493,000 to retain its 49% stake and Swiss George Fischer for CNY 24,460,000 to retain its 51% stake. The transaction has been reviewed and approved at the twenty-third meeting of the seventh board of directors of Ling Yun Industrial Corporation Limited.