Wuzhou Guoguang Technology Development Co., Ltd. announced that it will receive CNY 200,000,000 in an equity round of funding from returning investor Guoguang Electric Company Limited on July 14, 2022. On closing, the investor retains its 100% stake in the company. Post-closing, the registered capital of the company will increase from CNY 100,000,000 to CNY 300,000,000.

The transaction has been approved by board of directors of investor in its eleventh meeting of the tenth session of the Board of Directors.