Guangdong Bear Premium Electric Appliance Co., Ltd. announced gross proceeds of CNY 300 million in an equity round of funding on September 21, 2022. The transaction included participation from Bear Electric Appliance Co.,Ltd. The registered capital of the company will increase from CNY 10 million to CNY 210 million. The transaction has been approved in the 20th meeting of the company's 2nd directorate and the 19th meeting of the 2nd supervisory board, and does not need the shareholders approval.