Hangzhou Iplus Technology Co., Ltd. announced that it will receive CNY 20,000,000 on April 9, 2024.The transaction will include participation from new investor SUPCON Technology Co., Ltd. Post-completion of the transaction, the investor will hold 1.1628% stake in the company. The company issued common shares in the transaction. The registered capital of the company will increase from CNY 50,000,000 to CNY 50,588,235.29.

This has been approved the SUPCON Technology Co., Ltd.'s 4th meeting of the 6th board of directors, 4th meeting of the 6th board of supervisors, and 4th special meeting of independent directors of the 6th board of directors. The SUPCON Technology Co., Ltd. shall have delivery within 10 working days after all the investment prerequisites have been fulfilled, and on the delivery date, CNY 10,000,000 or 50% of the capital increase amount shall be paid to the company?s designated bank account. The remaining 50% (CNY 10,000,000) shall be paid within 10 working days after the target company completes the industrial and commercial change registration and provides the proof materials to the Company.