Fujian Snowman Refrigeration Equipment Co., Ltd. announced that it has received CNY 50,000,000 in an equity round of funding on January 6, 2022. The transaction included participation from returning investor, Fujian Snowman Co., Ltd., which retained its 100% stake in the company. The company has completed the industrial and commercial change registration procedures and obtained a new version of the business license issued by the Market Supervision and Administration Bureau of Changle District, Fuzhou City.

Pursuant to the transaction, the registered capital of the company increased from CNY 155,000,000 to CNY 205,000,000. The transaction and does not need to be submitted to the company's board of directors and shareholders' meeting for consideration.