Qingtian Little Duck Baby Products Co., Ltd announced that it will receive CNY 30 million in funding from existing investor Qibu Co.,Ltd. (SHSE:603557) on May 22, 2020. Investor will carry out capital increase of CNY 30,000,000, where CNY 20,000,000 will go to registered capital, and company's registered capital will increase from CNY 1,000,000 to CNY 21,000,000 and retain 100% stake. The transaction has been approved in the 17th Meeting of the investor’s 2nd directorate and the 14th meeting of the 2nd supervisory board.