Jiangchao Electrical Technology Co., Ltd. announced that it will raise an equity round of funding CNY 48,820,000 in a round of funding on September 22, 2023. The transaction will include participation from new investor, Nanfang Zhongjin Environment Co., Ltd. The transaction has been approved by 5th directorate during its 15th meeting of the company. Out of the total transaction, CNY 4,731,100 to be added to registered capital and CNY 44,088,900 to be added to capital reserve.

The company's registered capital will increase from CNY 93,425,000 to CNY 98,156,100.