Anhui Fumao Hotel Management Co., Ltd announced that it will receive CNY 55,000,000 in an equity round of funding from returning investor Tongqinglou Catering Co., Ltd. on June 22, 2021. The investor will maintain its 100% stake in the company. The registered capital of the company will increase from CNY 5,000,000 to CNY 60,000,000 upon closing. The transaction was approved in the 18th meeting of the 2nd supervisory board and 22nd meeting of the investor's 2nd directorate and is not subject to its shareholder's approval.