Wuhu Guofeng Plastic Science and Technology Co., Ltd. announced that it will receive CNY 25 million in equity round of funding on December 20, 2021. The transaction will include participation from existing investor Anhui Guofeng Plastic Industry Co., Ltd. to retain its 100% stake. Upon closing, the registered capital of the company will increase from CNY 40 million to CNY 65 million.

The transaction has been approved in the sixth meeting of the seventh board of directors.