Zhejiang Huangshanghuang Food Co., Ltd. announced that it will receive CNY 207.66 million in an equity round of funding on February 28, 2022. The transaction will include participation from returning investor Jiangxi Huangshanghuang Group Food Co., Ltd. to retain its 100% stake in the company. The company will include CNY 40 million as registered capital and the rest CNY 167.66 million as capital reverse.

Post completion of the transaction, the registered capital of the company will increase from 10 million to CNY 50 million. The transaction has been approved at Jiangxi Huangshanghuang Group Food Co., Ltd.'s 11th meeting of the 5th board of directors.