Hubei Refond Optoelectronics Co., Ltd. announced that it will receive CNY 499,000,000 in an equity round of funding on April 27, 2021. The transaction will involve participation from returning investor Shenzhen Refond Optoelectronics Co.,Ltd. (SZSE:300241). The investor will continue to retain its 100% stake in the company. The transaction has been approved by the 12th meeting of the 4th board of directors of the investor and does not require its shareholders' approval.