Zhejiang Jinhua CONBA Bio-pharm. Co., Ltd. announced that it will receive CNY 204,724,400 in an equity funding from existing investors, Zhejiang Conba Pharmaceutical Co. Ltd. and Yu Bin on January 11, 2013.

Zhejiang Conba Pharmaceutical Co. Ltd. and Yu Bin will invest CNY 200,000,000 and CNY 4,724,400 respectively. Pursuant to the transaction, the investors will hold 97.69% and 2.31% stakes in the company.

The transaction was approved at the 1st special meeting for the 7th directorate meeting for 2013 of Zhejiang Conba Pharmaceutical Co. Ltd. The registered capital of the company will increase from CNY 65,000,000 to CNY 265,000,000.