Henan Muyuan Intelligent Technology Co., Ltd. announced that it will receive CNY 180 million in an equity round of funding on January 28, 2021. The transaction will included participation from existing investor, Muyuan Foods Co., Ltd. to retain its 100% stake in the company. The registered capital of the company will increase from CNY 20 million to CNY 200 million post closing of the transaction. The transaction has been approved at the thirty-sixth meeting of the third board of directors of the investor.