Lhasa Huabao Food Co., Ltd. announced that it will receive CNY 150,000,000 in funding from existing investor Huabao Flavours & Fragrances Co., Ltd. (SZSE:300741) on June 5, 2018. Investor will increase capital from CNY 20,000,000 to CNY 170,000,000. Investor will continue to hold 100% stake in the company after the transaction. The company’s 17th session of the 1st directorate meeting and 9th session of the 1st supervisory board meeting reviewed and approved the transaction. The company reported total assets of CNY 4,499,300, net liabilities of CNY 46,900, and net loss of CNY 46,900 for the year ended December 31, 2016.