Qingdao Huadian Testing Technology Service Co., Ltd. announced that it will receive CNY 290,000,000 in a round of funding on June 20, 2022. The transaction included participation from returning investor, Qingdao Huijintong Power Equipment Co.,Ltd. to retain 100% stake in the company. After the capital increase, the registered capital of the company will increase from CNY 290,000,000.

The transaction has been approved at the sixth meeting of the fourth board of directors of the company and does not need to be submitted to the company's general meeting of shareholders for deliberation.