Hebei SKSHU Paint Co., Ltd. announced that it will receive CNY 100 million in an equity round of funding on January 27, 2022. The transaction will include participation from returning investor SKSHU Paint Co.,Ltd. and it will retain its 100% stake in the company. Pursuant to the transaction, the registered capital of the company will increase from CNY 200 million to CNY 300 million.

The transaction has been approved by general manager of the company and does not require company's board of directors and the shareholders' meeting approval.