Kinwong Electronic Technology (Zhuhai) Co., Ltd. announced that it will receive CNY 1,500,000,000 in an equity round of funding from returning investor Shenzhen Kinwong Electronic Co., Ltd. on August 12, 2021. Post the closing of the transaction, the registered capital will increase by CNY 1,500,000,000 to CNY 3,000,000,000 and the investor will continue to hold 100% stake in the company. The transaction was approved in the 24th session of the investor's 3rd directorate and the 19th session of the investor's 3rd supervisory board.