Hebi Quanfeng Biological Technology Co., Ltd. announced that it will receive CNY 19,000,000 in a round of funding on March 21, 2022. The transaction included participation from Sichuan Guoguang Agrochemical Co., Ltd. to acquire 48.75% stake in the company and hold CNY 48,450,000 equity in the company. The registered capital of the company will increase from CNY 76,000,000 to CNY 95,000,000.

The transaction has been approved at the second meeting of the fifth session of the board of directors.