Failong Crystal (Chongqing) Technology Co.,LTD announced that it will receive CNY 110,000,000 in an equity round of funding on February 8, 2021. The transaction will include participation from returning investor, Guangdong Failong Crystal Technology Co.,LTD. to retain 100% stake in the company. The transaction has been approved in the 21st meeting of the 3rd board of directors of the investor. Post to the transaction, the registered capital of the company will increase from CNY 90,000,000 to CNY 200,000,000.