Kunshan Wcon Electronics Co., Ltd. announced that it will raise CNY 150 million in an equity funding on April 24, 2024. The transaction will include participation from returning investor, WCON Electronics (Guangdong) Co., Ltd. The transaction has been approved at the 10th meeting of the 2nd board of directors and the 8th meeting of the 2nd board of supervisors. Upon the closing, the company's registered capital will increase from CNY 110 million to CNY 260 million.