Qinghai Jinhui Liquor Sales Co., Ltd. announced that it will receive CNY 6,500,000 in a round of funding on March 16, 2022. The transaction will include participation from existing investors JINHUI LIQUOR Co.,Ltd. for 80% stake, and Wang Wenchen for 20% stake in the company. The transaction has been approved in the 4th meeting of the company's 4th directorate, and does not need the shareholders' approval.

After the completion of the transaction, registered capital will be increased from CNY 100,000,000 to CNY 200,000,000.