Hubei Fuchun Dye and Weave Co., Ltd. announced that it will raise CNY 150 million in an equity round of funding on March 25, 2024. The transaction will include participation from returning investor, Wuhu Fuchun Dye and Weave Co.,Ltd to retain its 100% stake in the company. The company's registered capital will increase from CNY 100 million to CNY 250 million.

The transaction has been approved in the 18th Meeting of the Company?s 3rd Directorate held and does not need the shareholders? approval.