Yingfeng Group: plans to raise no more than 522 million yuan through private placement.

Yingfeng Co., Ltd. announcement: it plans to raise funds through private placement of up to RMB 522 million for the upgrade and renovation project of old production lines and sewage treatment systems, the establishment of a new project in Shaoxing Butai Textile Printing and Dyeing Co., Ltd. with an annual production of 129 million meters of high-grade printed and dyed fabrics, the construction of a major research and development center, and the project of intelligent identification and analysis system for dyeing and finishing.