Xiamen Shengwanhao Construction Co., Ltd. announced that it will received CNY 210,000,000 in a round of funding on May 9, 2022. The transaction will include participation from returning investors Shengyuan Environmental Protection Co.,Ltd. and individual investor Zhu Yuxuan. On closing, the registered capital of the company will increase from CNY 150,000,000 to CNY 360,000,000.

The transaction has been approved at the 5th session of the company's 9th directorate and is subject to approval from the shareholders of the company.