Hongyang Display (Xianyang) Technology Co., Ltd. announced that it will raise CNY 1,000,000,000 in an equity round of funding on April 18, 2023. The transaction will include participation from returning investor, Caihong Display Devices Co.,Ltd, holding its stake to 100%. Post the completion of transaction, the registered capital of the company will increase from CNY 100 million to CNY 1.10 billion.

The transaction has been approved by the board of directors of the company in the 24th meeting of the 9th board of directors.