Shanghai Hengqi Education and Training Co., Ltd. announced that it will receive CNY 280 million in a round of funding on April 23, 2021. The transaction will include participation from returning investor Kaiyuan Education Technology Group Co., Ltd. (SZSE:300338) to retain 100% stake in the company. The transaction has been approved by the 15th session of 4th directorate of investor. Post-closing of the transaction, the registered capital of the company will increase from CNY 30 million to CNY 80 million.