Anhui Tongfeng World Trade Import & Export Co., Ltd. announced that it will receive CNY 60,000,000 in an equity round of funding on February 11, 2022. The transaction will include participation from existing investor Anhui Tongfeng Electronics Company Limited to retain its 100% stake. Pursuant to the transaction, the registered capital of the company will increase from CNY 40,000,000 to CNY 100,000,000.

The transaction has been approved at the ninth meeting of the ninth board of directors of the company's parent.