Zhejiang Daxing Technology Co., Ltd. announced that it will receive CNY 40,000,000 in an equity round of funding on December 28, 2023. The transaction will include participation from returning investor Xinzhi Group Co., Ltd. for CNY 40,000,000 to retain the majority stake in the company. This has been approved in the 9th Meeting of the Company?s 5th Directorate and the 9th Meeting of the 5th Supervisory Board of the investor's company.

The registered capital of the company is CNY 40,000,000. The registered capital of the company will increase from CNY 40,000,000 to CNY 70,000,000.