Henan Jingshi Trading Co., Ltd. announced that it will receive CNY 50 million in a equity round of funding on February 4, 2024. The transaction will include participation from new investors Xinxiang Tianli Energy Co., Ltd. for CNY 25.50 million and will receive 51% stake, Henan New Waterway Industrial Operation Service Co., Ltd. for CNY 14.50 million and will receive 29% stake, and Henan Jingshi Trading Co., Ltd. for CNY 10 million and will receive 20% stake in the company. The registered capital of the company is CNY 1 million.

The registered capital of the company will increase from CNY 1 million to CNY 50 million.