Aucfan (Hainan) Network Technology Co., Ltd. announced that it will receive CNY 1.50 million in a round of funding on November 14, 2023. The transaction will include participation from returning investor, Aucfan Co., Ltd. increasing its stake from 75% to 81%. The transaction has been approved by the board of directors of Aucfan Co., Ltd. The expected date of payment is in late November 2023.

Post closing of the transaction, the company's paid-in capital will increase from CNY 4 million to CNY 5.50 million.