Yueqing Yihua New Energy Technology Co., Ltd. announced that it will receive CNY 100,000,000 in an equity round of funding on December 17, 2021. The transaction will include participation from existing investor Wenzhou Yihua Connector Co., Ltd. As a part of the transaction, the registered capital of the company will increase from CNY 31,500,000 to CNY 131,500,000. The transaction has been approved at the 1st meeting of 4th board of directors of the company's parent.