Shanghai Huajie Youpin Brand Management Co., Ltd. announced that it has entered into investment cooperation agreement to receive CNY 20 million in a funding on April 17, 2021. The transaction includes participation from new investor Kennede Electronics MFG. CO., LTD. (SZSE:002723) which will invest CNY 10.20 million for 51% stake and returning individual investor Jia Ying will invest CNY 8.80 million to hold 49% stake from 100% stake in the comnpany. The current registered capital of company is CNY 1 million. The transaction is expected to close within 15 working days.