Jan 23 (Reuters) - Yantai Dongcheng Biochemicals Co Ltd :
* SAYS IT PLANS TO ISSUE UP TO 1.0 BILLION YUAN ($156.20 million) DEBT FINANCING INSTRUMENTS
* SAYS BOARD ELECTS YOU SHOUYI AS CHAIRMAN Source text in Chinese: bit.ly/2F7Jt6d;bit.ly/2E0bkpq Further company coverage: ($1 = 6.4020 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)