Zhejiang Peanut Animation Co., Ltd announced a private placement of common shares for the gross proceeds of CNY 12.5 million on December 9, 2022. The transaction will include participation from Beijing Hanyi Innovation Technology Co., Ltd., Beijing Longge Technology Co., Ltd. and Beijing Jinghua Jinmeng Investment Management Co., Ltd. The transaction has been approved in the 3rd session of the company's 2nd directorate and the 3rd session of the company's 2nd supervisory board. Post closing of the transaction, Beijing Hanyi Innovation Technology Co., Ltd. and Beijing Longge Technology Co., Ltd. will hold 2% stake for CNY 5 million & Beijing Jinghua Jinmeng Investment Management Co., Ltd. will hold 1% stake for CNY 2.5 million in the company.

The company disclosed a post money valuation of CNY 250 million.