Ningbo Xinfeng Precision Technology Co., Ltd. announced that it expects to receive CNY 300.000001 million in funding from Piotech Inc., Fengquan Venture Capital (Zhangjiagang) Partnership (Limited Partnership)

Ningbo Xinfeng Precision Technology Co., Ltd. has announced that it will receive CNY 300,000,000 in a round of funding on December 5, 2025. The transaction will include participation from new investors Piotech Inc. acquire 16.4154% stake for CNY 270,000,001 and Fengquan Venture Capital (Zhangjiagang) Partnership (Limited Partnership) acquire 1.8239% stake for CNY 30,000,000. The company will issue convertible preferred shares in the transaction.

The Company held the 21st meeting of the Second Board of Directors and approved.