Anhui Jinxuan Technology Co., Ltd announced that it will receive CNY 500 million in a equity round of funding on April 14, 2024. The transaction will include participation from returning investor Anhui Jinhe Industrial Co.,Ltd. to retain the majority stake in the company. This has been approved in the 17th Meeting of the 6th Term of the Board of Directors held by Anhui Jinhe Industrial Co., Ltd. The registered capital of the company will increase from CNY 500,000,000 to CNY 1,000,000,000.

The matters related to the transaction fall under the approval of the board of directors, and don?t need to be submitted to the shareholders' meeting for review.