Chengdu Rongbo Communication Technology Co., Ltd. announced that it will raise CNY 150.33 million in an equity round of funding on November 8, 2021. The transaction include participation from returning investor Broadex Technologies Co., Ltd. The transaction was approved by the board of directors of the company in its eighth meeting of the fifth board of directors and the eighth meeting of the fifth board of supervisors. The company registered capital will increase from CNY 150 million to CNY 300.33 million post transaction.