Hubei Lüquan Seedlings Co., Ltd announced that it will receive CNY 40,000,000 in a round of funding on March 16, 2022. The company will issue common shares in the transaction. The transaction will include participation from returning investor Hui Lyu Ecological Technology Groups Co.,Ltd..

Post the closing of the transaction, the registered capital of the company will be CNY 50,000,000 and the investor will continue hold 100% stake in the company.