JRH Technology (Quzhou) Co., Ltd. announced that it will issue common shares for gross proceeds of CNY 1250,000,000 in a round of funding on January 11, 2023. The transaction will include participation from returning investor, Hangzhou Lion Electronics Co.,Ltd. The transaction has been approved at the 16th meeting of the fourth board of directors and the thirteenth meeting of the fourth board of supervisors. Among them, CNY 598,086,100 is used as newly added registered capital, and CNY 651,913,900 is included in the capital reserve.