 SHENZHEN, China, May 17, 2021 GLOBE NEWSWIRE -- Aesthetic Medical International Holdings Group Limited the Company or Nasdaq: AIH, a leading provider of aesthetic medical services in China, today announced that it has entered into a definitive share subscription agreement with Lafang China Co., Ltd Lafang to raise US15.1 million through a private placement sale of 5,329,410 ordinary shares of the Company to Lafang at a sale price of US8.50 every three ordinary shares equivalent to US8.50 per American Depositary Share of the Company. The private placement is subject to customary closing conditions and is expected to close within four months from the execution of the agreement. The Company intends to utilize the proceeds from this private placement to fund its business development and working capital. 