Xi'an Tianhe Tengfei Communications Industrial Park Co., Ltd announced that it will receive CNY 230,000,000 in an equity round of funding on January 4, 2022. The transaction will include participation from returning investor, Xi'an Tianhe Defense Technology Co., Ltd. to maintain its 100% stake in the company. Post the closing, the registered capital of the company will increase from CNY 100,000,000 to CNY 330,000,000.

The transaction has been approved at the 21st Meeting of the investor's 4th directorate and is subject to its shareholder's approval.