Schweizer Electronic (Jiangsu) Co., Ltd. announced that it will receive €29,216,023 in an equity round of funding through capital increase from retuning investor Schweizer Electronic AG to increase its its stake to 80% through capital increase in the company on March 22, 2023. After the completion of transaction, registered capital of company will increase from €58,500,000 to €87,716,023. The transaction has been approved 16th meeting of the 7th board of directors, the 11th meeting of the 7th board of supervisors and approved by the company's 2022 shareholders' meeting.