Chengdu Tangyuan Intelligent Control Technology Co., Ltd. announced that it will raise CNY 10 million in a round of funding on September 19, 2023. The transaction included participation from returning investor, Chengdu Tangyuan Electric Co., Ltd. for CNY 1,000,000, and individual investors, Luo Ruoyue for CNY 1,100,000, Ni Shaoquan for CNY 400,000, Wang Yuanbo for CNY 200,000, Xu Weiguo for CNY 100,000, Li Yong for CNY 500,000, Zhan Dong for CNY 700,000. The transaction is expected to close on December 31, 2040.

The transaction has been approved in 18th session of the company?s 3rd directorate and the 9th session of the company?s 3rd supervisory board