Guangri Technology Development (Kunshan) Co., Ltd. announced that it will it receive CNY 117,000,000 in an equity round of funding on July 12, 2022. The transaction will include participation from Guangzhou Guangri Elevator Industry Co., Ltd. for CNY 5,850,000 and Guangzhou Guangri Stock Co.,Ltd. for CNY 111,150,000. The transaction was approved by the board of directors of the Guangzhou Guangri Stock Co.,Ltd. at its 6th session of the 9th directorate.