Zhejiang Bomingsheng Medical Technology Co., Ltd. announced that it has entered into a agreement to issue common shares for gross proceeds of CNY 180 million on February 1, 2021. The transaction included participation from returning investor Shenzhen Changhong Technology Co., Ltd. (SZSE:300151) to retain 100% stake in the company. The registered capital will increase from CNY 20 million to CNY 200 million. The transaction has been approved at the 6th session of the company’s 5th directorate and still needs to be reviewed at shareholders’ meeting.