Wuhu Rayhoo Haobo Mould Co., Ltd announced that it will receive CNY 60 million in a round of funding on June 17, 2022. The transaction will include participation from Rayhoo Motor Dies Co.,Ltd. for CNY 30600,000 to retain 51% stake and Wuhu Haobo Technology Co., Ltd. for CNY 29,400,000 to retain 49% stake in the company. The transaction has been approved at the sixth meeting of the third board of directors and the sixth meeting of the third board of supervisors and not need to submit it to the company's general meeting of shareholders for consideration.