Shenzhen Xuefeng Electronics Co., Ltd. announced that it will receive CNY 714,286 in a round of funding on July 23, 2021. The transaction will include participation from returning investor Xinjiang Xuefeng Sci-Tech (Group) Co., Ltd. The investor will retain its 51% stake, after the closing of transaction. The transaction has been approved at the 30th meeting of the investor's 3rd directorate, at the 26th Meeting of the 3rd Supervisory Board and does not need shareholder approval.