Nanjing Huacheng Microwave Technology Co., Ltd. announced a private placement of CNY 15 million common shares on August 12, 2022. The round included participation from Chengdu Tianjian Technology Co., Ltd. and returning investor, Nanjing Changchengyi Equity Investment Fund Management Enterprise (L.P.). After this round, the company's registered capital will increase from CNY 5,208,300 to CNY 6,030,600.