Jiangsu Haoyue Industrial Co., Ltd. announced that it will receive CNY 120,000,000 in an equity round of funding from returning investor, Hangzhou Haoyue Personal Care Co., Ltd on December 27, 2021. The investor will retain its 100% stake in the company. The company's registered capital will increase to CNY 220,000,000.

The transaction has been approved by the 2nd Meeting of 6th Directorate of the investor and does not need its shareholders' approval.