Suzhou Kebao Optoelectronics Technology Co., Ltd. announced that it will receive $5.46 million in an equity round of funding on December 11, 2023. The transaction included participation form returning investor Xinya Electronic Co., Ltd. for $1.26 million, and still hold 30% of the company. The company registered capital of $2.5 million to $6.7 million.

The additional registered capital of $4.2 million will be subscribed by all the original shareholders of the company according to their current shareholding ratio. This related transaction has been reviewed and approved at the 24th meeting of Xinya Electronic Co., Ltd 's second board of directors.