Nanjing Feidi Electric Testing Technology Co., Ltd. announced that it will receive CNY 48.02 million in equity round of funding on August 19, 2022. The transaction will include participation from returning investor Guodian Nanjing Automation Co., Ltd. to retain 100% stake. Upon completion of the transaction the registered capital of the company will increase from CNY 1.98 million to CNY 50 million.

The transaction has been approved in the fourth meeting of the eighth board of directors.