Hubei Sanfeng Chizhong Robot Co., Ltd. announced that it will receive CNY 20 million in an equity round of funding on January 16, 2016. The transaction will include participation from existing investors, Hubei SanFeng Intelligent Conveying Equipment Co., Ltd. for CNY 10.2 million, Yuan Zhiyong for CNY 5.60 million, Zou Pan for CNY 2.40 million, and Jiang Chao for CNY 1.80 million to retain 51%, 28%, 12%, and 9% respectively. The transaction has been approved at the 15th meeting of the 2nd board of directors of Hubei SanFeng Intelligent Conveying Equipment Co., Ltd. and does not need its shareholders' approval.

Upon completion, the registered capital of the company will increase from CNY 10 million to CNY 30 million.