Xiaofang Pharmaceutical: intends to issue shares to specific targets to raise funds of no more than 219 million yuan.

Xiaofang Pharmaceutical announcement, intends to issue shares to specific investors to raise funds of up to 219 million yuan. The net proceeds from the fundraising, after deducting related issuance expenses, will be used entirely for the construction of a new project for external use pharmaceutical production base. The number of shares issued this time will not exceed 30% of the total share capital of the company before the issuance. The final issuance price will be determined through negotiation between the company's board of directors and the sponsoring institution. After the issuance is completed, the shares subscribed by specific investors may not be transferred within six months from the end of the issuance.