DR Laser Technology (Wuxi) Co., Ltd. announced that it will receive CNY 50,000,000 in an equity round of funding on December 16, 2022. The transaction will include participation from returning investor, Wuhan DR Laser Technology Corp.,Ltd. Post closing of the transaction, the investor will retain 100% stake in the company and registered capital of the company will increase from CNY 250,000,000 to CNY 300,000,000. The transaction has been approved by the board of directors of the investor in its ninth meeting of the third board of directors and the ninth meeting of the third board of supervisors.

The transaction of capital increase does not need to be submitted to the general meeting of shareholders for consideration.