Grand Cereals and Oils Co., Ltd. announced that it will CNY 50 million in equity round of funding on October 17, 2022. The transaction will include participation from returning investor Grand Industrial Holding Co.,Ltd. After the completion of the transaction the registered capital of the company will increase from CNY 50 million to CNY 100 million. The transaction has been in the tenth meeting of the tenth board of directors and is subject to approval in the company's general meeting of shareholders for deliberation.