Jiangsu Wenfeng Technology Development Co., Ltd. announced that it will receive CNY 20,000,000 in a round of funding on April 27, 2023. The transaction included participation from existing investor and parent Jiangsu Wenfeng Great World Chain Development Corporation. After the completion of this transaction, the company will increase its registered capital from 6,000,000 to 26,000,000, the investor holds 100% stake in the company.

The transaction has been approved in the 20th meeting of the company?s 6th directorate, and the transaction does not need the Shareholders? Approval.