Hefei Toly Bread Co., Ltd. announced that it raise CNY 13 million in an equity round of funding on January 25, 2022. The transaction includes participation from returning investor Toly Bread Co.,Ltd. The transaction was approved by board of directors in its 32nd meeting of the fifth session of the board of directors. After the capital increase, the registered capital of company will be increased from CNY 20 million to CNY 33 million.