Sailun International Holding (Hong Kong) Co., Limited announced that it will receive $80 million in funding on May 31, 2021. The transaction will include participation from existing investor Sailun Group Co., Ltd. which will continue to own 100% stake in the company. The registered capital of company will change from $2.85 million (procedure to increase it to $92.85 million is in progress through other transaction) to $172.85 million.

Investor held the 21st meeting of the fifth board of directors and reviewed and approved the transaction. The transaction does not need to be submitted to the company's shareholders meeting for deliberation. The capital increase transaction does not constitute a connected transaction, nor does it constitute a major asset reorganization as required by the measures for the administration of major asset reorganizations of listed companies.