Hi-Road (Hong Kong) Investment Development Co., Ltd. announced that it will receive approximately CNY 60,000,000 in an equity round of funding through capital increase from retuning investor Shanghai Hi-Road Food Technology Co., Ltd. to retain 100% stake in the company on November 24, 2022. After the completion of transaction, the registered capital of company will increase from $5,000,000 (CNY 35,742,000 to $13,500,000 (CNY 96,503,400). The transaction has been approved at eighth meeting of the third board of directors and does not need to be submitted deliberated by the company's general meeting of shareholders.