Shandong Panda Dairy Co., Ltd. announced that it will receive CNY 40 million in an equity round of funding on January 22, 2024. The transaction will include participation from returning investor, Panda Dairy Corporation. The capital increase will be included in the registered capital.

After the capital increase is completed, the registered capital of company will be changed from CNY 255 million to CNY 295 million, and it will still be a wholly-owned subsidiary of the investor. The transaction has been reviewed and approved at the third meeting of the fourth board of directors and the third meeting of the fourth board of supervisors and still needs to be submitted to the investor second extraordinary shareholders' meeting in 2024 for review.