Shandong NHU Amino Acid Co. Ltd. announced a placement of common shares for gross proceeds of CNY 900,000,000 on April 19, 2023. The transaction will include participation from returning investor, Zhejiang NHU Company Ltd. The transaction has been approved in the 15th meeting of the Zhejiang NHU Company Ltd.'s 8th directorate and the 12th meeting of the 8th supervisory board.

CNY 70,000,000 will go to registered capital, increasing it from CNY 1,030,000,000 to CNY 1,100,000,000.