Chengdu Guite Automation Equipment Co., Ltd. announced that it will receive CNY 2,000,000 in an equity round of funding on February 25, 2022. The transaction will include participation from returning investor, Chengdu Guibao Science & Technology Co.,Ltd. to retain its 100% stake in the company. The registered capital of the company will increase from CNY 8,000,000 to CNY 10,000,000 post closing of the transaction.

The transaction has been approved at the 25th meeting of the 5th directorate of the investor.