Ningxia Haili Electronics Co., Ltd. announced that it will receive CNY 59,000,000 in an equity round of funding on October 26, 2022. The transaction will include participation from returning investor, Nantong Haixing Electronics Co., Ltd. Post the closing of the transaction, the registered capital of the company will increase from CNY156 million to CNY 215 million and the investor stake will increase to 93.02% stake in the company. The transaction has been approved at the 12th session of the investor's 4th directorate and the 4th session of its 4th supervisory board.