Suzhou Fansite Machinery Technology Co., Ltd announced that it has received CNY 100,000,000 in an equity round of funding on October 31, 2022. The transaction included participation from returning investor Ningbo Zhenyu Technology Co., Ltd., which will retain its existing stake of 100%. Pursuant to the transaction, the registered capital of the company will increase from CNY 400,000,000 to CNY 500,000,000.

The company has completed the industrial and commercial change registration procedures and obtained the "Business License" issued by the Suzhou High-tech Zone (Huqiu District) Administrative Examination and Approval Bureau.