Good-Ark Electronics Technology (Suzhou) Co., Ltd announced that it will receive CNY 25,200,000 in an equity round of funding on April 15, 2022. The transaction will include participation from returning investor Suzhou Good-Ark Electronics Co., Ltd. for CNY 25,200,000 to retain its 100% stake in the company. Post completion of the transaction, the capital of the company will increase from CNY 113,000,000 to CNY 138,200,000.

The transaction has been approved in the the 14th interim meeting of the 7th board of directors and do not need the shareholders’ approval.