Xi'an Jiaye Aviation Technology Co., Ltd. announced that it will receive CNY 200,000,000 in an equity round of funding on November 16, 2021. The transaction will include participation from returning investor Anhui Shenjian New Materials Co.,Ltd. to retain 100% stake in the company. The registered capital of the company will increase from CNY 213,104,000 to CNY 413,104,000 post transaction.

The transaction was approved at the eleventh (temporary) meeting of the fifth board of directors of the company.