Zhangye Fengle Seeds Industry Co., Ltd. announced that it will receive CNY 100,000,000 in an equity round of funding from returning investor Hefei Fengle Seed Co., Ltd on March 18, 2022. The transaction has been approved in the 9th meeting of the company's 6th directorate and the 7th meeting of the 6th supervisory board, and is subject to the shareholders' approval. After completion of the transaction company's registered capital will increase from CNY 60,000,000 to CNY 160,000,000.