Shinva Medical Instrument Co., Ltd announced that the Company has completed the private placement of 17.56 million shares of its common stock to 10 institutional investors. The shares were issued with a par value of RMB 1 and were offered at a price per share of RMB 13.50. The net proceeds from the offering amounted to RMB 230 million. CITIC Construction Investment Securities Co., Ltd. acted as the lead underwriter in this offering.