Zhejiang Sanwei Rubber Item Co., Ltd. (SHSE:603033) announced that it will receive CNY 20,000,000 in funding on October 28, 2020. The company will increase its capital from CNY 100,000,000 to CNY 120,000,000. The transaction will included participation from existing investors Zhejiang Sanwei Rubber Item Co., Ltd. (SHSE:603033) which will invest CNY 10,200,000 and will retain its 51% stake, Guo Jianjun will invest CNY 3,600,000 to retain18% stake, Xu Shizhe will invest CNY 3,400,000 to retain 17% stake, Chen Jiansheng will invest CNY 1,600,000 to retain 8% stake and Wu Mengjia will invest CNY 1,200,000 to retain 6% stake in the company. Upon completion, CNY 10,200,000 will be added in the registered capital of the company.