Zhejiang Taisheng Intelligent Conveying Technology Co., Ltd. announced that it will receive CNY 100,000,000 in an equity round of funding on August 25, 2022. The transaction will include participation from a returning investor, Zhejiang Double Arrow Rubber Co., Ltd. The registered capital of the company will increase from CNY 100,000,000 to CNY 200,000,000. The investor will maintain its stake at 100% in the company.

The transaction has been approved in the 20th meeting of the 7th board of directors.