Jiongyi Electronic Technology (Suzhou) Co., Ltd. announced that it will raise CNY 21.5 million in an equity funding on January 26, 2024. The transaction will include participation from new investor, Zhejiang VIE Science & Technology Co., Ltd. will invest CNY 17 million for 4.9454% stake and returning investor, Suzhou Kechuang Yineng Technology Consulting Partnership (Limited Partnership) will invest CNY 4.5 million and its stake will increase from 24.9012% to 25.9637%. The transaction has been approved at the 12th meeting of the company?s fourth board of directors and the 11th meeting of the fourth board of supervisors.

The transaction has been approved at the the seventh meeting of the sixth board of directors of the investor. Upon the closing, the company's registered capital will increase from CNY 80.3571 million to CNY CNY 88.2142 million.