BGRIMM Machinery & Automation Technology Co., Ltd. announced that it will raise CNY 191,421,750 in an equity round of funding on June 7, 2021. The transaction include participation from returning investor BGRIMM Technology Co., Ltd. Post-closing of the transaction, the company registered capital will increase from CNY 128,578,250 to CNY 320,000,000. Post-closing of the transaction, the investor will retain its 100% stake in the company. The transaction was approved in fourth meeting of the seventh board of directors and the fourth meeting of the seventh board of supervisors of the investor.