Wengu Industrial (Shanghai) Co., Ltd. announced that it will receive CNY 30,000,000 in equity round of funding on January 16, 2024. The transaction included the participation from new investors J.Pond Precision Technology Co., Ltd., hold 55% stake in the company. The transaction has been approved by the 5th Meeting of the 2nd Board of Directors.

Upon the closing to the transaction, the company's registered capital is increase from CNY 26,600,000 to CNY 32,052,174.