Fukang Xuefeng Technology Co., Ltd. announced that will raise CNY 6,975,026 in an equity round of funding on September 28, 2023. The transaction has been approved 14th meeting of the fourth board of directors of Xinjiang Xuefeng Sci-Tech(Group)Co.,Ltd. and does not need to be submitted to the company's shareholders' meeting for review. After the capital increase is completed, Xuefeng Blasting?s shareholding ratio in the company will be 90.81930%, and new strategic investors?

shareholding ratio will be 9.18070%.