Anhui Pufeite Medical Products Co., Ltd announced a private placement of common shares for the gross proceeds of CNY 35,000,000 on January 14, 2019. The transaction will involve participation from existing investor Jiangsu Nanfang Medical Co., Ltd. (SHSE:603880) and the investor will retain its 100% stake. The transaction was approved by investor’s board of directors at its 27th meeting of the 2nd directorate. Post the transaction, registered capital of the company will increase from CNY 180,000,000 to CNY 215,000,000.