Ganzhou Kingshine Electronic Technology Co., Ltd. announced that it will receive CNY 290 million equity round of funding on October 25, 2023. The transaction included the participation from new investor Guangdong Kingshine Electronic Technology. The registered capital is increased from CNY 10 million to CNY 300 million, still the company hold 100% stake.

The transaction has been approved by the the 11th session of the company?s 2nd directorate and the 9th session of the company?s 2nd supervisory board.