Guangdong Sosen Power Technology Co., Ltd. announced that it will receive CNY 290 million in equity round of funding on March 24, 2022. The transaction will include participation from existing investor Shenzhen Sosen Electronics Co., Ltd. to retain its 100% stake. Upon closing, the registered capital of the company will increase from CNY 10 million to CNY 300 million.

The transaction has been approved in the eighteenth meeting of the second board of directors and the fourteenth meeting of the second board of supervisors.