Goertek Technology Co. Ltd announced that it has raised CNY 800 million round of funding on July 9, 2020. The company will issue common shares in the transaction. The transaction included participation from returning investor Goertek Inc. (SZSE:002241). Post the closing, the capital of the company will increase from CNY 150 million to CNY 950 million and the investor will continue to retain 100% stake in the company. The transaction has been approved 7th session, 5th directorate and the 5th session of the company’s 5th supervisory board.