Liangxin Electrical (Haiyan) Co., Ltd. announced that it will receive CNY 150 million equity round of funding on September 22, 2023. The transaction included the participation from existing investor Shanghai Liangxin Electrical Co., Ltd. The registered capital is increase from CNY 1,200,000,000 to CNY 1,350,000,000 and the company still owning 100% stake. The company held that the transaction has been approved at the15th session of the company?s 6th directorate and the 14th session of the company?s 6th supervisory board.