Hunan Xinma Garment Co., Ltd. announced that it will receive CNY 36 million in an equity round of funding on November 15, 2021. The transaction will include participation from returning investor Zhejiang Sunrise Garment Group Co., Ltd. The transaction was approved by the board of directors of the investor at its fourth meeting of the second directorate and the third meeting of the second board of supervisors. Post to the closing, the investor will remain 100% stake in the company.