Wuxi Jushen Warehousing Co., Ltd. announced that it will receive CNY 67 million in an equity round of funding through capital increase from retuning investor Guangdong Jushen Logistics Co., Ltd. to retain 100% stake in the company on October 25, 2022. The transaction has been approved at sixth meeting of the third board of directors of Guangdong Jushen Logistics Co., Ltd. and does not need to be submitted to the company's general meeting of shareholders for deliberation. After the completion of the capital increase, the registered capital of company will increase from CNY 53 million to CNY 120 million.