Beijing Aerospace Xinghua Technology Co., Ltd. announced that it will raise gross proceeds of CNY 85 million in a round of funding on October 12, 2022. The transaction will include participation from returning investor, China Aerospace Times Electronics CO., LTD. The company's registered capital will increase from CNY 369,238,661 to CNY 454,238,661. The transaction has been approved by the seventh meeting of the board of directors.