Shengxing (Hong Kong) Co., Ltd. announced that it will received $27,000,000 in equity round of funding on June 22, 2022. The transaction will include participation from returning investor Sunrise Group Company Limited. After the completion of the transaction the registered capital of the company will increase from $60,000,000 to $87,000,000.

The transaction has been approved in the thirty-second meeting of the company's fourth directorate and does not need the shareholders approval.