Xinjiang Xuefeng Shuangxing Commerce & Trade Co., Ltd. announced that it will raise CNY 45,030,300 in an equity round of funding on March 16, 2023. The transaction will include participation from returning investor, Xinjiang Xuefeng Sci-Tech(Group)Co.,Ltd with 95.10% stake post completion of the transaction. The company's registered capital will increase from CNY 5,000,000 to CNY 50,000,000.

The transaction has been approved by the 6th session of the 4th directorate and the 6th session of the 4th supervisory board.