Zhejiang Dahua Memory Technology Co., Ltd. announced that it will receive CNY 30,000,000 in a round of funding on December 28, 2021. The transaction will include participation from returning investor Zhejiang Dahua Technology Co., Ltd. for CNY 15,300,000, Ningbo Hualing Venture Capital Investment Partnership Enterprise (Limited Partnership) for CNY 5,700,000 and Ningbo Huagu Enterprise Management Partnership Enterprise (Limited Partnership) for CNY 9,000,000. The transaction has been approved at the 25th session of Zhejiang Dahua Technology Co., Ltd.'s 7th directorate.

On closing, the registered capital of the company will increase from CNY 50,000,000 to CNY 80,000,000.