Zhejiang Honghua Baijin Qianyin Home Textile Technology Co., Ltd announced that it will receive CNY 70,000,000 in an equity round of funding on July 24, 2023. The transaction will include participation from new investors Hangzhou Honghua Digital Technology Stock Company LTD. for CNY 24,500,000, Hangzhou Jiapeng Technology Partnership Enterprise (Limited Partnership) for CNY 21,000,000, Wang Liyong for CNY 10,500,000, Wang Lichun for CNY 7,000,000 and Wang Lixian for CNY 7,000,000. The transaction was approved by the board of directors of the Hangzhou Honghua Digital Technology Stock Company LTD. at 9th Meeting of the Company?s 7th Directorate and the 7th Meeting of the 7th Supervisory Board.