Jiangsu Tianlan Intelligent Equipment Co., Ltd. announced that it will issue common shares for the gross proceeds of CNY 180 million in a round of funding on April 20, 2023. The transaction will include participation from returning investor Jiangsu Lopal Tech. Co., Ltd. The transaction has been approved in the fourth meeting of the fourth board of directors and does not need to be submitted Shareholders' meeting for deliberation and is still subject to industrial and commercial change registration with the relevant competent government departments.

The registered capital of the company is CNY 20 million. After the capital increase the registered capital will increase from CNY 20 million to CNY 200 million.