ADVANCED FIBER RESOURCES (HK) LIMITED announced that it will receive $7.75 million in a round of funding from existing investor, Advanced Fiber Resources (Zhuhai), Ltd. (SZSE:300620), on December 19, 2019. The company will issue common shares in the transaction. Post to the transaction, the investor will retain its 100% stake in the company. The transaction has been approved by the board of directors at the 17th meeting of the 2nd directorate of the investor.