Atf Cooling Gmbh announced that it will raise ?1 million in an equity round of funding on December 22, 2022. The transaction was approved by the board of directors in its 17th meeting of the second board of directors. The transaction included participation of returning investor Sanhe Tongfei Refrigeration Co., Ltd. After the capital increase, the registered capital of company will increase from ?500,000 to ?1.5 million.

The investor still holds 100% stake in the company after completion of the transaction. There is no need to submit to the company's general meeting of shareholders for consideration.