Guizhou Yingji Sports Tourism Co., Ltd. announced that it will receive CNY 10 million in an equity round of funding on August 26, 2022. The transaction will include participation from returning investor, Beijing Sanfo Outdoor Products Co., Ltd. which will acquire 45.83% of the equity stake in the company. After the completion of the investment, the investor will hold a 55% stake in the company and will become the controlling shareholder of the company.