Jiangshan Huamujiang Home Furnishing Co., Ltd. announced that it will receive CNY 70 million in an equity round of funding on October 27, 2022. The transaction will include participation from Jiangshan Oupai Door Industry Co., Ltd. The investor will still hold 100% equity stake in the company. After the completion of the transaction, registered capital will be increased from CNY 50 million to CNY 120 million.

The transaction has been reviewed and approved in the 23rd meeting of the fourth board of directors.