Xiwang Foodstuffs (Qingdao) Co., Ltd. announced that it will receive CNY 258,823,500 in an equity round of funding on January 22, 2018. The transaction will include participation from existing investors; Xiwang Foodstuffs Co., Ltd. (SZSE:000639) for CNY 141,062,500. The transaction has been approved in 12th session of the 12th directorate of the Xiwang Foodstuffs Co., Ltd. Upon completion of the transaction; the company’s registered capital will increase from CNY 2,257,000,000 to CNY 2,398,062,500. Post completion of the transaction; Xiwang Foodstuffs Co., Ltd. will have a contributed capital of CNY 1,833,812,500, and Chunhua Jingxi (Tianjin) Investment Center (LP) will have a contributed capital of CNY 564,250,000. Post completion of the transaction; Xiwang Foodstuffs Co., Ltd. will continue to hold 76.4706% stake and Chunhua Jingxi (Tianjin) Investment Center (LP) will hold 23.5294% stake in the company. As part of the transaction, CNY 141,062,500 will be added as registered capital, and CNY 117,761,000 as capital reserve.