Beijing Electronic Control Industry Investment Co., Ltd. announced that it will receive CNY 600,000,000 in an equity round of funding on November 16, 2022. The transaction will include participation from returning investors Beijing Electronics Holding Co.,Ltd. for CNY 300,000,000 for 50% stake, Beijing Electronic Zone Investment and Development Group Co., Ltd. for CNY 100,000,000 for 16.67% stake and BOE Technology Group Company Limited for CNY 200,000,000 for 33.33% stake. The registered capital will be increased from CNY 600,000,000 to CNY 1,200,000,000.

The company will increase capital in the same proportion as existing shareholding ratios. The transaction has been approved by Beijing Electronic Zone Investment and Development Group Co., Ltd. in its seventh meeting of the twelfth board of directors and This connected transaction does not need to be considered by the shareholders' meeting. The company and investors signed related party transaction agreement.