Xuzhou Hengshun Wantong Food Brewing Co., Ltd. announced that it will raise CNY 50,000,000 in a round of funding on April 26, 2024. The transaction will include participation from new investor, Jiangsu Hengshun Vinegar-Industry Co.,Ltd. The company will issue common shares in the transaction. The transaction has been approved by the 32nd session of the company?s 8th directorate and 27th session of the company?s 8th supervisory board .

The transaction still needs to be approved by the shareholders? meeting.