Fujian Times Nebula Technology Co., Ltd. announced that it will receive CNY 200 million in an equity round of funding through capital increase on November 30, 2022. The transaction included participation from Fujian Nebula Electronics Co., Ltd. for CNY 20 million to hold 10% stake, Fujian Jizhi Energy Storage Technology Co., Ltd. for CNY 140 million, Fujian Zhidasheng and Investment Partnership (Limited Partnership) for CNY 40 million. The transaction has been approved at 23rd meeting of the third board of directors and the 17th meeting of the third board of supervisors.