Gansu Xingnong Pepper Industry Development Co., Ltd. announced that it will receive CNY 70,000,000 in an equity round of funding on June 9, 2020. The transaction will include participation from returning investor Gansu Yasheng Industrial (Group) Co., Ltd. (SHSE:600108). Post to the transaction, the registered capital of the company will increase from CNY 80,000,000 to CNY 150,000,000. The transaction was approved at the 16th meeting of the 8th board of directors of the investor and does not need its shareholder approval.