Changji Zhundong Economic and Technological Development Zone Jushen Logistics announced that it will receive CNY 80 million in an equity round of funding on October 25, 2022. The transaction will include participation from returning investor Guangdong Jushen Logistics Co., Ltd. to retain 100% equity stake in the company. Upon closing the registered capital of company will increase from CNY 100 million to CNY 180 million.

The transaction has been approved in the sixth meeting of the third board of directors and does not need to be submitted to the company's general meeting of shareholders for deliberation.