Xinfengming International Business (Hong Kong) Co., Ltd. announced that it will raise $9,800,000 in an equity round of funding on September 9, 2023. The transaction included participation from returning investor, Xinfengming Group Co., Ltd.. The company?s registered capital will increase from $7,025,000 to $16,825,000.

The transaction has been approved in the 2nd Meeting of the Company?s 6th Directorate held on September 8, 2023, and does not need the Shareholders? Approval.