Ict-Lanto Limited announced that it will receive not exceeding $454,000,000 in an equity round of funding on June 22, 2020. The transaction will include participation from returning investor Luxshare Precision Industry Co., Ltd. (SZSE:002475), which would retain its 100% stake in the company. The transaction was approved by board of directors of investor in its 19th meeting of the fourth directorate and does not need shareholders' approval.