Chongqing Zhongke Xinyida Electronics Co., Ltd. announced that it will receive CNY 120,847,900 in an equity round of funding on April 13, 2022. The transaction will include participation from existing investor CETC Acoustic-Optic-Electronic Technology Inc. As a part of the transaction, the registered capital of the company will increase from CNY 8,000,000 to CNY 17,762,000. The transaction has been approved at the the fifth meeting of the Audit Committee of the 12th board of directors, ninth meeting of the 12th board of directors, and seventh meeting of the twelfth board of supervisors of the company's parent.