Jiangsu Sieyuan Mediuam Voltage Switchgear Co., Ltd. announced that it will raise CNY 200 million in a round of funding on March 13, 2024. The transaction will include participation from returning investor, Sieyuan Electric Co., Ltd. The company's registered capital will raise from CNY 200 million to CNY 400 million. The transaction has been approved in the sixth meeting of Sieyuan Electric Co., Ltd 's eighth board of directors reviewed and approved the "Resolution on Increasing the Capital of the Wholly-Owned Subsidiary Jiangsu Sieyuan Medium Voltage Switch Co., Ltd." and agreed to authorize Chairman Mr. Dong Zengping or his authorized representative to handle this matter.