Nanovision Technology (Beijing) Co., Ltd. announced that it will receive CNY 14,000,000 in an equity round of funding from returning investor Maxvision Technology Corp. on February 25, 2022. Out of the total gross proceeds, CNY 142,199 will be included in the registered capital, representing 0.5569% stake in the company.

Post closing, the registered capital of the company will increase from CNY 25,392,636 to CNY 25,534,835, the investor will hold CNY 243,946 of the registered capital, and its stake in the company will increase from 0.4007% to 0.9554%. The transaction has been approved by the general manager of the investor.