Zhejiang EmbedWay Electronic Technology Co., Ltd. announced a private placement to receive CNY 180,000,000 in an equity round of funding on August 27, 2021. The transaction will include participation from returning investor, EmbedWay Technologies (Shanghai) Corporation. After the capital increase is completed, the registered capital of the company will increase from CNY 30,000,000 to CNY 210,000,000. The transaction has been approved at the sixth meeting of the third board of directors and the sixth meeting of the third board of supervisors.