Anhui Fengyuan Pharmaceutical Co., Ltd. announced a private placement of A shares on January 3, 2023. The shares will have a lock up period of 6 months. The transaction has been approved at the and 7th session of the company's 9th directorate and the 8th session of the company's 9th directorate, 7th session of the company's 9th supervisory board, 9th session of the company's 9th supervisory board and is subject to approval of shareholders of the company, Shenzhen Stock Exchange, and the China Securities Regulatory Commission.