Sichuan Shield Technology Co., Ltd. announced that it will receive CNY 50 million in equity round of funding on December 22, 2023. The transaction include the participation from new investor Cubic Sensor and Instrument Co., Ltd and returning investor Chengdu Zhonghui Zhi'an Enterprise Management Center (Limited Partnership) individual investors Chen Xiaohui, He Liu, Huang Xuelian, Feng Mengxiao, Mao Pingan, Zhang Yonggen, Guo Tao, Ma Xiaojian, Kangmin, Sun Qian and Chen Liang. Out of the total proceeds raised, CNY 5,353,327 will go to registered capital and CNY 44,646,673 will go to capital reserve of the company.

Post the closing, the registered capital of the company will increase from CNY 10,391,752 to CNY 15,745,079. The transaction has been approved by the company's board of directors and does not need to be submitted to the shareholders' meeting for review.