Hainan Nongken Group Finance Co., Ltd. announced that it will receive CNY 500 million in an equity round of funding on September 29, 2023. The transaction will include participation from returning investors China Hainan Rubber Industry Group Co., Ltd. for CNY 100 million and Haiken Holding Group for CNY 400 million to retain 20% and 80% stake respectively. The transaction has been approved by the 24th meeting of the sixth board of directors of China Hainan Rubber Industry Group Co., Ltd. After the capital increase is completed, the registered capital of the company will increase from CNY 500 million to CNY 1,000 million.