Ningbo Dechang Technology Co., Ltd. announced that it will receive CNY 180,000,000 in a round of funding on December 13, 2023. The transaction will include participation from returning investor Ningbo Dechang Electrical Machinery Made Co., Ltd.. The transaction has been approved by the board of director's of the company at its eighth meeting of the second board of directors.

After the capital increase, the registered capital of the company will be increased to CNY 200,000,000, and it remains a wholly-owned subsidiary of the investor.