Xingye Investment International Co., Ltd. announced that it will receive CNY 50 million in a round of funding on August 19, 2023. The transaction will include participation from returning investor, Xingye Leather Technology Co., Ltd. The transaction has been approved at the 5th meeting of the 5th board of directors of Xingye Leather Technology Co., Ltd. and does not need to be submitted to the general meeting of shareholders of the company for deliberation. The company's registered capital before the capital increase is CNY 132,233,337.020.