On October 26, 2022, the company announced that it has obtained the shareholder's approval in its 3rd Meeting of the 6th Directorate and the 2nd Extraordinary Shareholders Meeting of 2022 for capital increase of CNY 497,036,000. The Company will invest CNY 447,332,400 and the other shareholders Mou Yunliang, Cao Wenyu, Cao Quanzhong, Wu Jingyi, Cao Guozhong, and Cao Hongmei will invest a total of CNY 49,703,600.