Qujing Lintie Technology Co., Ltd. announced that it will receive CNY 900 million in an equity round of funding on December 27, 2021. The transaction include participation from returning investors Shenzhen Dynanonic Co., Ltd for CNY 540,000,000 of which CNY 468,000,000 will be included in the registered capital and CNY 72,000,000 will be included in the capital reserve to maintain 60% stake, and Contemporary Amperex Technology Co., Limited for CNY 360,000,000 of which CNY 312,000,000 will be included in the registered capital, and CNY 48,000,000 will be included in the capital reserve to maintain 40% stake. The transaction was approved by the board of directors of the company in its 23rd meeting of the 3rd board of directors.

The company's registered capital will increase from CNY 220,000,000 to CNY 1,000,000,000 after the completion of the transaction. The transaction is not subjected to company's general meeting of shareholders for deliberation.