Shangying Hospital Management (Shanghai) Co. Limited announced it has entered into agreement to receive CNY 37,800,000 in an equity round of funding on February 7, 2020. The transaction included participation from returning investors Shangying Global Co., Ltd. (SHSE:600146) for CNY 14,987,700, Hengying Trading (Shanghai) Co., Ltd. for CNY 19,656,000, and Shanghai Xinran Investment Management Consultancy Co., Limited for CNY3,158,630. Post the transaction, Shangying Global Co., Ltd. (SHSE:600146) will hold 39.65%, Hengying Trading (Shanghai) Co., Ltd. will hold 52% Shanghai Xinran Investment Management Consultancy Co. will hold 8.35%. Post the closing, the registered capital of the company increased from CNY 200,000 to CNY 38,000,000. The transaction has been approved by Shangying Global Co., Ltd. (SHSE:600146) in its 53rd extraordinary meeting of the seventh directorate. The transaction does not need approval from the shareholders.