Anhui Secote Automation Technology Co. Ltd announces a private placement of gross proceeds for CNY 100 million in round of funding on July 20, 2023 The transaction included the participation from new investor Suzhou Secote Precision Electronic Co.,LTD. The registered capital will increase from CNY 10 million to CNY 110 million, with the company owning 100% stake. The company held the transaction has been approved on 19th session of the company?s 3rd directorate and the 18th session of the company?s 3rd supervisory board.