Nanjing Kangni Electronic Technology Co., Ltd. announced that it will receive CNY 30 million in an equity round of funding from returning investor, Nanjing Kangni Mechanical & Electrical Co.,Ltd (SHSE:603111) on July 2, 2020. The investor will continue to retain its 100% stake in the company. The transaction has been approved at the investor's 8th session of the 4th directorate meeting. After the completion of the transaction the company registered capital will increase to CNY 60 million.