Jiangsu Jinshiyuan Investment Management Co., Ltd. announced that it will receive CNY 1,000,000,000 in its equity round of funding on November 20, 2020. The transaction will include participation from existing investor Jiangsu King's Luck Brewery Joint-Stock Co., Ltd. (SHSE:603369) to retain its 100% stake. Post capital increase, the registered capital of the company will increase to CNY 2,500,000,000. The transaction has been approved in the fifth meeting of the fourth board of directors and not required any approval from shareholders of the company.