Exhibit
4.23


 


Zhejiang
Lixin Enterprise Management Group Co., Ltd.


 


Capital
Raise Agreement


 


Party
A:




 


Party
A1: Hangzhou Yinxiang Asset Management Co., Ltd.


 


Registered
address: Room 131, No. 217, Fengshan New Village, Shangcheng District


 


Registration
Country: China


 


Legal
representative: Hong Kang


 


Party
A2: Dayu Yangguang (Beijing) Asset Management Co., Ltd.


 


Registered
address: No. 629, 6th Floor, No.57 Xinjiekou North Street, Xicheng District, Beijing


 


Registration
Country: China


 


Legal
representative: Yu Shengxiang


 


Party
A3: Zhejiang Hengmao Construction Co., Ltd.


 


Registered
address: No. 94 Jinhua Road, Cao E Street, Shangyu District, Shaoxing


 


Registration
Country: China


 


Legal
representative: Wang Zhilian





 


Party
A4: Shaoxing Aoyuan Intelligent Technology Co., Ltd.


 


Registered
address: Room 601, No. 110 Jiangdong Road, Baiguan Street, Shangyu District, Shaoxing City, Zhejiang Province


 


Registration
Country: China


 


Legal
representative: Liu Tie


 


Party
A5: Shaoxing Gedun Furniture Co., Ltd.


 


Registered
address: Lianqiao Village, Yiting Town, Shangyu District, Shaoxing City (formerly Liuyi Village)


 


Registration
Country: China


 


Legal
representative: Qin Xia


 


Party
A6: Zhejiang Wensheng Group Co., Ltd.


 


Registered
address: No.555 Chunlan Road, Baiguan Street, Shangyu District, Shaoxing


 


Registration
Country: China


 


Legal
representative: Zhu Feng



 






     


     


    

  


Party
A7: Zhu Jialin


 


Address:
No. 56, Hujia Community, Shizi Village, Caoe Street, Shangyu City, Zhejiang Province


 


Nationality:
Chinese


 


Party
A8: Wang Zuoming


 


Address:
No. 71 Jiangdong Road, Baiguan Street, Shangyu City, Zhejiang Province


 


Nationality:
Chinese


 


Party
A9: Lv Feibiao


 


Address:
Room 603, Unit 2, No. 67, Zhongfu Garden, Caoe Street, Shangyu City, Zhejiang Province


 


Nationality:
Chinese


 


Party
A10: Liang Guofu


 


Address:
No. 45, Shangbutou, Dongshantou Village, Shangpu Town, Shangyu City, Zhejiang Province, Zhejiang Province


 


Nationality:
Chinese


 


Party
A11: Chen Yongcan


 


Address:
Room 206, Building 6, Yinhe New Village, Caoe Street, Shangyu City, Zhejiang Province


 


Nationality:
Chinese


 


Party
A12: Luo Guansen


 


Address:
Room 107, Building 15, North District, Hengli New Village, Baiguan Street, Shangyu City, Zhejiang Province


 


Nationality:
Chinese


 


Party
A13: Sun Lijin





 


Address:
No.1, Liuxiu Community, Tangpu Town, Shangyu City, Zhejiang Province


 


Nationality:
Chinese


 


Party
A14: Zheng Yuguang


 


Address:
Building 17, Songfengju, Tianxiang Huating, Lianghu Town, Shangyu City, Zhejiang Province


 


Nationality:
Chinese


 



    2


     


    




 


Party
B: China Fenghui Industrial Financial Holding Group Co. Limited


 


Registered
address: Unit A 8/F Winbasr Centre 208 Queen’s Road Central Hk


 


Registration
Country: China Hong Kong


 


Person
in charge: Li Jingping


 


Party
C: Zhejiang Lixin Enterprise Management Group Co., Ltd.


 


Registered
address: Room 401-410, No. 88-1, Marshal Temple Rear, Shangcheng District, Hangzhou City, Zhejiang Province


 


Registration
Country: China


 


Legal
representative: Zhu Jialin


 


Through
friendly negotiation, the parties have reached the following specific contents on the issue that Party A and Party B intend to
increase the registered capital to Party C:


 


1.
The registered capital of the company increased from RMB 100 million to RMB 101.01 million, and Party B subscribed the newly increased
registered capital of the company in currency of RMB 2.8586 million, of which RMB 1.101 million was included in the registered
capital of the company, and the remaining part of RMB 184.85 was included in the capital reserve of the company.


 


2.
Payment deadline for contributions: before July 2, 2045.


  



    3


     


    




 


3.
After the completion of this capital increase, the company’s equity structure was changed to:


 


	shareholder	Capital
    contribution

    (10000 yuan)	Way
    of contribution	Proportion
    of contribution
	Hangzhou
    Yinxiang Asset Management Co., Ltd.	1,664.31095	Equity
    	16.47668%
	Dayu
    Yangguang (Beijing) Asset Management Co., Ltd.	1,328.62191	Equity	13.15335%
	Zhejiang
    Hengmao Construction Co., Ltd.	954.0636	Equity	9.44523%
	Shaoxing
    Aoyuan Intelligent Technology Co., Ltd.	1,342.75618	Equity	13.29328%
	Shaoxing
    Gedun Furniture Co., Ltd.	1,883.39223	Equity	18.64558%
	Zhejiang
    Wensheng Group Co., Ltd.	530.03534	Equity	5.24735%
	Zhu
    Jialin	954.0636	Equity	9.44523%
	Wang
    Zuoming	212.01413	Equity	2.09894%
	Lv
    Feibiao	212.01413	Equity	2.09894%
	Liang
    Guofu	212.01413	Equity	2.09894%
	Chen
    Yongcan	176.67845	Equity	1.74912%
	Luo
    Guansen	176.67845	Equity	1.74912%
	Sun
    Lijin	176.67845	Equity	1.74912%
	Zheng
    Yuguang	176.67845	Equity	1.74912%
	China
    Fenghui Industrial Financial Holding Group Co. Limited	101.01	Currency	1.0000%
	Total	10,101.01	-	100.0000%


 



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4.
Liability for breach of contract


 


If
any party (“default party”) violates this agreement and causes losses to other parties (“default party”),
the default party shall compensate the economic loss caused by the default party. The amount of damages shall be equal to all
losses caused by the breach of contract, including the benefits that the normal person can reasonably expect to obtain after the
execution of this agreement, but shall not exceed the losses that may be caused by the breach of contract foreseen or should be
foreseen when the breaching party signs this agreement , Unless otherwise agreed in this agreement.


 


5.
Applicable laws and dispute resolution


 


The
establishment, validity, performance, rescission, interpretation and dispute settlement of this Agreement shall be governed by
the laws publicly promulgated and effectively applied in China.


 


All
disputes arising from or in connection with the performance of this agreement shall be settled through friendly negotiation by
all parties. If any party fails to reach an agreement within 30 days from the date of putting forward such dispute in written
form, each party may apply to Hangzhou Arbitration Commission for arbitration in Hangzhou in accordance with the arbitration procedures
and rules of the Commission. The arbitration tribunal is composed of three arbitrators. The arbitration award is final and binding
on all parties.


 


6.
This agreement shall take effect from the date of signature by the legal (authorized) representatives and the official seal ,
the signature of each natural person.


 


7.
For matters not covered in this agreement, the parties may negotiate separately, and the supplementary agreement signed shall
be the appendix of this agreement, which has the same legal effect as this agreement.


 


8.
The original of this agreement shall be in 19 copies, each party shall hold one copy, and the rest shall be submitted to the relevant
government department for approval or filing.


 


9.
This agreement is signed in [ ] on [ ]


 


 


[No
text following]


 




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(There
is no text on this page, the signature and seal page for all shareholders)


 


 


 


 


 


China
Fenghui Industrial Financial Holding Group Co. Limited (Seal)


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 



    6


     


    




 


(There
is no text on this page, the signature and seal page for all shareholders)


 


 


 


 


 


Shaoxing
Gedun Furniture Co., Ltd. (Seal)


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


  




    7


     


    




 


(There
is no text on this page, the signature and seal page for all shareholders)


 


 


 


 


 


Hangzhou
Yinxiang Asset Management Co., Ltd. (Seal)


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


  




    8


     


    




 


(There
is no text on this page, the signature and seal page for all shareholders)


 


 


 


 


 


Dayu
Yangguang (Beijing) Asset Management Co., Ltd. (Seal)


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




    9


     


    




 


(There
is no text on this page, the signature and seal page for all shareholders)


 


 


 


 


 


Shaoxing
Aoyuan Intelligent Technology Co., Ltd. (Seal)


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


  




    10


     


    

 


(There
is no text on this page, the signature and seal page for all shareholders)


 


 


 


 


 


Zhejiang
Hengmao Construction Co., Ltd. (Seal)


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 




    11


     


    




 


(There
is no text on this page, the signature and seal page for all shareholders)


 


 


 


 


 


Zhejiang
Wensheng Group Co., Ltd. (Seal)


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


  




    12


     


    




 


(There
is no text on this page, the signature and seal page for all shareholders)


 


 


Luo
Guansen (Signature)


 


 


Zhu
Jialin (Signature)


 


 


Wang
Zuoming (Signature)


 


 


Liang
Guofu (Signature)


 


 


Zheng
Yuguang (Signature)


 


 


Chen
Yongcan (Signature)


 


 


Lv
Feibiao (Signature)


 


 


Sun
Lijin (Signature)


 


 




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