Shandong Shengtong Optical Material Technology Co., Ltd announced that it will receive CNY185,000,000 in an equity round of funding on November 30, 2022. The transaction will include participation from existing investor, Sichuan Em Technology Co., Ltd. The transaction has been approved in the 31st meeting of the 5th board of directors and the 26th meeting of the 5th board of supervisors. Post completion of the transaction, the registered capital will increase from CNY 300,000,000 to CNY 485,000,000.