Suzhou Xindao Electronic Technology Co., Ltd. announced that it will receive CNY 18 million in round of funding on September 21, 2023. The transaction included the participation from new investors Suzhou Nanomicro Technology Co., Ltd. for CNY 173,965,625,000, Shenzhen Fuchuan Management Partnership Enterprise for CNY 38,622,222,200, Suzhou Industrial Park Yuanhe Star Venture Capital Partnership Enterprise for CNY 32,916,666,700, Suzhou Tianhui Weiqiu Venture Capital Partnership Enterprise for CNY 10,972,222,200, Suzhou Longju Chuanghe Venture Capital Partnership Enterprise for CNY 15,361,111,100 and Lianyungang Talent Venture Capital Fund Partnership Enterprise for CNY 10,972,222,200. Post to the closing, the investors hold 33.7342%, 7.4894%, 6.3830%, 2.1277%, 2.9787% and 2.1277% stakes.

The registered capital is increase from CNY 3,950,000.00 to CNY 12,069,444.44. After the completion the company will own 33.7342% stake. The company held that the transaction has been approved by the 26th session of the company?s 2nd directorate and the 22nd session of the company?s 2nd supervisory board.