Nanjing Synsense Technology Co., Ltd. announced that it expects to receive funding from Maxvision Technology Corp., Qingdao Xinsheng Runwu No. 2 Private Equity Investment Fund Partnership Enterprise (Limited Partners, Guangdong Hengyuanchuang Private Equity Fund Management Co., Ltd.

Nanjing Synsense Technology Co., Ltd. announced a private placement on January 7, 2023. The transaction will include participation from new investors, Maxvision Technology Corp. for CNY 20 million for registered capital of CNY 27,007.88, corresponding to 1.60% stake, Qingdao Xinsheng Runwu No.

2 Private Equity Investment Fund Partnership Enterprise (Limited Partners) for registered capital of CNY 27,007.88, corresponding to 1.60% stake and Guangdong Hengyuan Chuangzhi Industrial Investment Partnership (L.P.), fund managed by Guangdong Hengyuanchuang Private Equity Fund Management Co., Ltd. registered capital of CNY 13,503.94, corresponding to 0.8% post completion of the transaction.