Nanjing Develop Precision Technology Co., Ltd. announced that it will raise CNY 221.8038 in an equity round of funding on April 20, 2023. The transaction will include participation from returning investor, Nanjing Develop Advanced Manufacturing Co., Ltd. Post the completion of the transaction, the registered capital of the company will be increased from CNY 120 million to CNY 200 million. The transaction has been approved by the investor's shareholders of the company in the tenth meeting of the fifth board of directors and the ninth meeting of the fifth board of supervisors.