Shanghai HT Holding HongKong Limited announced that it will receive €120,000,000 (CNY 828,247,800) in an equity round of funding from returning investor Shanghai Aerospace Automobile Electromechanical Co., Ltd. on July 22, 2022. On closing, the investor retains its 100% stake in the company. The transaction has been approved by the board of directors of investors in its 14th meeting of the 8th board of directors and still needs to be submitted to the company's general meeting of shareholders for deliberation and subject to the approval of the relevant state-owned assets management agencies.