Luxshare Intelligent Manufacturing Technology (Changshu) Co., Ltd. announced that it will receive CNY 815,000,000 in an equity round of funding from returning investor Luxshare Precision Industry Co., Ltd. (SZSE:002475) on April 20, 2020. The registered capital of the company will increase from CNY 485,000,000 to CNY 1,300,000,000 and the investor will continue to retain its 100% stake in the company. The transaction has been approved by the 17th meeting of the 4th directorate of the investor and does not need approval from its shareholders.