Wuxi Bainian Tongqing Catering Co., Ltd. announced that it will receive CNY 50,000,000 in a equity round of funding on February 17, 2022. The transaction will include participation from returning investor, Tongqinglou Catering Co., Ltd. to maintain its 100% stake in the company. Out of the total capital increase, CNY 30,000,000 will go to registered capital.

The transaction has been approved in the 6th Meeting of the investors 3rd directorate and the 6th meeting of the 3rd supervisory board.