Guizhou Gaojiang Liquor Co., Ltd announced that it will raise CNY 300 million in equity round of funding on April 25, 2023. The transaction will include participation from returning investors Shanghai Guijiu Co.,Ltd for the proceeds of CNY 156 million and Chengdu Xingjiande Trading Co for the proceeds of CNY 144 million. Post the completion of the transaction, the registered capital of the company will increase from CNY 300 million to CNY 600 million and the stake of the Shanghai Guijiu Co.,Ltd and Chengdu Xingjiande Trading Co will remain unchanged at 52% and 48% respectively.