Foshan Haichuan Intelligent Instrument Co., Ltd. announced that it expects to receive CNY 10 million in a round of funding on August 9, 2022. The transaction will include participation from returning investors, Guangdong High Dream Intellectualized Machinery Co., Ltd. for CNY 8.5 million, individual investors Duan Feihong for 0.85 million and Xie Dongzhong for 0.65 million to retain their stake in the company. The registerd capital will change from CNY 10 million to CNY 20 million post closing the transaction.

The transaction has been approved by the Guangdong High Dream Intellectualized Machinery Co., Ltd. board of directors at the 4th directorate. The investors shall make a one-time payment to the company within six months from the date of entry into force of this agreement.