Zhongke Haoye (Dongguan) Material Technology Co., Ltd. announced that it has entered into capital increase agreement for proceeds CNY 30,000,000 on April 25, 2022. The transaction will include participation from new investors DongGuan YuTong Optical Technology Co.,Ltd. for CNY 10,000,000 to acquire 6.67% stake, Beijing Phase II Zhongke Chuangxing Hard Technology Venture Capital Partnership ( Limited partnership) for CNY 14,965,000 to acquire 9.97% stake, Yang Lingzhong Kechuangxing Management Consulting Partnership (Limited Partnership) for CNY 35000 to acquire 0.023%, and individual investor He Hao for CNY 5,000,000 to acquire 3.33% stake in the company. After the completion transaction, registered capital of company will increase from CNY 2,000,000 to CNY 2,500,000.

The round will be raised at a post-money valuation of CNY 150,000,000.