Suzhou TFC Star Technology Co., Ltd. announced that it will issue common shares for gross proceeds of CNY 171 million on March 17, 2023. The transaction will include participation from returning investor, Suzhou TFC Optical Communication Co., Ltd. will invest CNY 91.2 million and individual investor, Zou Zhinong will invest CNY 79.8 million. The transaction has been approved at the 10th session of the company's 4th directorate and the 9th session of the company's 4th supervisory board.

Post completion, the registered capital of the company will increase from CNY 30 million to CNY 201 million.