Qipai Xinjing Technology Co., Ltd. announced that it will received CNY 50,000,000 in its equity round of funding on March 12, 2024. The transaction will include participation from existing investors China Chippacking Technology Co.,Ltd. for CNY 10,500,000, Zhang Qiaozhen for CNY 750,000, and new investor Liang Huate for CNY 38,750,000 and acquiring 38.75% stake in the company. China Chippacking Technology Co.,Ltd. stake diluted from 99% to 60%, Zhang Qiaozhen stake increased from 1% to 1.25%.

The transaction has approved by the board of directors of the company at its reviewed and approved at the 15th meeting of the company's 4th board of directors and the 12th meeting of the 4th board of supervisors on March 12, 2024.