Hubei Sanfeng Xiaosong Logistics Technology Co., Ltd. announced that it will raise CNY 20,000,000 in an equity round of funding on July 26, 2023. The transaction included participation from returning investor, SanFeng Intelligent Equipment Group Co., Ltd. for CNY 12,000,000 and 60% stake, individual investors, Jiang Jian for CNY 3,600,000 and 18% stake, Pei Qianglong for CNY 2,200,000 and 11% stake and Ji Kaihang for CNY 2,200,000 and 11% stake post completion of the transaction. The company's registered will increase from CNY 30,000,000 to CNY 50,000,000.

The transaction has been reviewed by the company's general manager's office meeting and does not need to be submitted to the board of directors and shareholders.