Zaozhuang Ruinuo Electronic Technology Co., Ltd. announced that it will receive CNY 8.480 million in an equity round of funding on December 29, 2023. The transaction will include participation from returning investor, Suzhou QingYue Optoelectronics Technology Co., Ltd. to increase its stake from 20% to 33.33330%. The transaction has been approved at the fourth session of Suzhou QingYue Optoelectronics Technology Co., Ltd.'s second directorate and the third session of the 2nd supervisory board.

Out of CNY 8.480 million, CNY 8 million will be added to the company's registered capital.