Jason Furniture (Ningbo) Co., Ltd. announced that it will receive CNY 300,000,000 in a round of funding from existing investor Jason Furniture (Hangzhou) Co.,Ltd. (SHSE:603816) on July 31, 2018. The company will issue equity in the transaction. The transaction was approved by the board of directors of the investor at the 14th meeting of the 3rd directorate. Post the closing, the registered capital of the company will increase from CNY 10,000,000 to CNY 310,000,000 and the investor will maintain 100% stake in the company.