Yangzhou Guangyang Shiyi Intelligent Technology Co., Ltd. announced that it will raise CNY 155 million in an equity round of funding on December 27, 2023. The transaction will include participation from returning investors, Changzhou Nrb Corporation for CNY 45 million for 79.4702% stake, Changzhou Shihui Industrial Investment Partnership Enterprise (Limited Partnership) for CNY 2.5 million for 1.9868% stake, new investor, Chantou (Weihai) Equity Investment Parent Fund Partnership Enterprise (Limited Partnership) for CNY 50 million with 11.0375% stake post completion of the transaction, individual investors, Li Shuhua for CNY 0.5 million for 2.5386% stake, Wu Chaoyang for CNY 0.5 million for 0.5519% stake, Zheng Weiqiang for CNY 0.5 million for 0.7726% stake, Zhang Jiangang for CNY 0.5 million for 0.7726% stake and Chen Daping for CNY 0.5 million for 0.4415% stake. The company's registered capital will increase to CNY 453.00 million.

The transaction has been approved by the board of directors of Changzhou Nrb Corporation in the 6th session of the company?s 5th directorate.