Beijing Rainbow Sweet Orange Asset Management Co., Ltd. announced that will receive CNY 590,000,000 in funding from returning investors Hainan Haide Capital Management Co., Ltd., and Haide Asset Management Co., Ltd. on August 29, 2022. Hainan Haide Capital Management Co., Ltd. will invest CNY 300,900,000 and Haide Asset Management Co., Ltd. will invest CNY 289,100,000 to retain 51% and 49% stake in the company respectively. The transaction has been approved at the16th meeting of the 9th board of directors of the investor.