Zhejiang Haichuangda Biomaterials Co., Ltd. announced a private placement of common stock to returning investor Zhejiang Hisun Biomaterials Co., Ltd. for gross proceeds of CNY 750,861,163.68 on September 20, 2022. The transaction has been approved at 22nd meeting of the 6th board of directors and the 23rd meeting of the 6th board of supervisors and still pending approval from the company's shareholders.