Ningbo Guangbo Stationery Trading Co., Ltd. announced that it will receive CNY 100,000,000 in an equity round of funding from returning investor Guangbo Group Stock Co., Ltd. on August 26, 2021. On closing, the investor retains its 100% stake in the company. Post-closing, the registered capital of the company will increase from CNY 60,000,000 to CNY 160,000,000. The transaction has been approved by board of directors of Guangbo Group Stock Co., Ltd. in its ninth meeting of the company's seventh board of directors.