Zhejiang Sunflower Great Health Limited Liability Company announced that it has entered into a share subscription agreement for a private placement of not more than 167,600,000 shares at an issue price of CNY 2.24 per share for proceeds of not more than CNY 375,000,000 on May 17, 2022. The transaction will include participation from Wu Jianlong. The investor's stake will increase from 18.15% to 29.99%. The shares cannot be transferred within 18 months from the issuance closing date. The transaction got approved in the 9th Meeting of the company's 5th Directorate and the 7th Meeting of the company's 5th Supervisory Board, and is subject to the approvals of the company's shareholders, the Shenzhen Stock Exchange, and the China Securities Regulatory Commission.

On August 23, 2022, the company announced that the application for issuance of stocks to specific objects has been accepted by Shenzhen Stock Exchange.