Hubei Fuchun Dye and Weave Co., Ltd. announced that it will raise CNY 50 million in an equity round of funding on March 13, 2023. 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 50 million to CNY 100 million.

The transaction has been approved by the tenth meeting of the third board of directors.