Weihai Guangsheng Aerospace Technology Co., Ltd announced that it will receive CNY 70,000,000 in an equity round of funding on December 21, 2021. The transaction will include participation from new investor Weihai Guangwei Composites Co., Ltd. for CNY 26,800,000 for 33.5%, existing investor Wang Guoping for 1,520,000 for 29% stake, Chen Liang for CNY 440,000 for 5.5%, Chen Dong for CNY 440,000 for 5.5%, Wang Shengze for CNY 380,000 for 4.75%, Pan Tingqi for CNY 100,000 for 1.25%, Deng Xiangyang for CNY 80,000 for 1%, Su Yi for CNY 80,000 for 1%, Chi Weijie for CNY 80,000 for 1%, Zhang Xinming for CNY 80,000 for 1%, Zhang Lijun for CNY 80,000 for 1%, Lu Zhaojun for CNY 80,000 for 1%, Wang Wenyi for CNY 80,000 for 1%, Li Shuxiang for CNY 80,000 for 1%, Zhang Yueyi for CNY 80,000 for 1%, Xiong Shijun for CNY 80,000 for 1%, Wang Yingchao for CNY 80,000 for 1%, Lin Fengsen for CNY 80,000 for 1%, Gao Changxing for CNY 80,000 for 1%, Wang Zhuangzhi for CNY 80,000 for 1%, Cong Zongjie for CNY 80,000 for 1%, Li Ribin for CNY 80,000 for 1%, Wang Wei for CNY 80,000 for 1%, and Sun Shaohuan for CNY 80,000 for 1%. Pursuant to the transaction, the registered capital of the company will increase from CNY 10,000,000 to CNY 80,000,000.

The transaction has been approved by eighth meeting of the third board of directors of Weihai Guangwei Composites Co., Ltd.