Shenzhen Tongchuan Technology Company Co.,Ltd. announced that it will raise CNY 20 million in an equity round of funding on March 20, 2023. The transaction will include participation from returning investors, Hanyu Group Joint-Stock Co., Ltd. with CNY 12 million proceeds and individual investor, Shen Xiaolong for CNY 8 million proceeds. The investors will retain their shareholding ratios.

The company's registered capital will increase from CNY 36.25 million to CNY 56.25 million. The transaction has been approved by the 17th meeting of the fourth session of the board of directors.