Dogness Announces Closing of US$5.0 Million Private Placement

Core Viewpoint - Dogness (International) Corporation has successfully completed a private placement transaction, raising US$5.0 million by selling 2,000,000 Class A common shares at a price of US$2.50 per share [1][2]. Company Overview - Dogness (International) Corporation was founded in 2003, focusing on developing a comprehensive line of pet products, including smart products, hygiene products, health and wellness products, and leashes [3]. - The company emphasizes the importance of pets as family members and aims to enhance the relationship between pets and their caregivers through innovative technology [3]. - Dogness maintains a fully integrated vertical supply chain and robust research and development capabilities, resulting in over 200 patents and patents pending [3]. - The company's products are distributed globally through chain stores and distributors [3].