Harbin Fushanchuan Biological Technology Development Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 74,250,000 on June 3, 2021. The transaction included participation from Harbin Industrial Investment Group Co., Ltd for CNY 28,875,000, of which CNY 17,500,000 is included in the registered capital, and the remaining CNY 11,375,000 is included in the capital reserve, returning investors Harbin Air Conditioning Co.,Ltd. (SHSE:600202) for CNY 26,812,500 of which CNY 16,250,000 is included in the registered capital, and the remaining CNY 10,562,500 is included in the capital reserve, and Aiwandi Japan Co., Ltd. for CNY 18,562,500, of which CNY 11,25,000 is included in the registered capital, and the remaining CNY 7,312,500 is included in the registered capital reserve. As a result, company's registered capital will increase from CNY 5,000,000 to CNY 50,000,000. Upon completion, Harbin Air Conditioning Co.,Ltd. (SHSE:600202) will own 40% stake, Aiwandi Japan Co., Ltd. will own 25% stake, and Harbin Industrial Investment Group Co., Ltd will own 35% stake in the company.