Ningbo Changbi Hydraulic Transmission Technology Co., Ltd. announced that it will raise CNY 200,000,000 in an equity round of funding on May 19, 2023. The transaction will include participation from returning investor, Ningbo BaoSi Energy Equipment Co., Ltd. The company's registered capital will increase from CNY 62,000,000 to CNY 262,000,000. The transaction has been approved by the 4th meeting of the company’s 5th directorate and the 4th meeting of the company’s 5th supervisory board.