Guangdong Kingshine Electronic Technology Co.,Ltd. announced that it has received CNY 149.999995 million in funding from Jiujing Liangda Liangxin Private equity investment Center (limited partnership), Caitong Fund Management Co., Ltd., First State Cinda Fund Management Co. Ltd.

On August 19, 2022, Guangdong Kingshine Electronic Technology Co.,Ltd closed the transaction. The issuance expenses related to the transaction are CNY 5,094,182.90 and the net amount of funds raised is CNY 144,905,812.57. Among them, CNY 11,424,219 will be included in the paid-in share capital and CNY 133,481,593.57 will be included in the capital reserve.