Hubei Sanfeng Xiaosong Automated Warehouse Equipment Co., Ltd. announced that it will receive CNY 25 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 17.5 million, Leong Keng Sun for CNY 4.25 million, and Pei Qianglong for CNY 3.25 million to retain 70%, 17%, and 13% 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 5 million to CNY 30 million.