Jiangxi Jinde Lithium New Energy Technology Co., Ltd. announced that it will raise CNY 117 million in an equity round of funding on December 16, 2022. The transaction includes participation from returning Foshan Golden Milky Way Intelligent Equipment Co., Ltd. for CNY 27.5 million for 75.30% stake, new investors Zhong Xincai for CNY 50 million for 10% stake ,Gongqingcheng Qiangqiang Investment Partnership (Limited Partnership) for CNY 25 million for 5% stakes ,Xiong Xing for CNY 5 million for 1% stake, Liu Chongfang for CNY 5 million for 1% stake ,Zeng Junhao for CNY 2.5 million for 0.50% stake, and Chen Yuandong for CNY 2 million for 0.40% stake. The transaction was approved by board of directors in its seventh meeting of the fourth board of directors.

The company will contribute CNY 65.988 million to registered capital, and the remaining CNY 51.012 million is included in the capital reserve .The company registered capital will increase from CNY 216.0120 million to CNY 282 million post-closing. The company entered into agreement.