Huajian New Energy Technology (Shanghai) Co., Ltd. announced that it will receive CNY 10,000,000 in its equity round of funding on December 7, 2021. The transaction included participation from returing investors Shanghai Sinotec (Group) Co., Ltd. for CNY 1,900,000 and Shanghai Huajian Investment Management Ltd. for CNY 8,100,000. After the capital increase is completed, the registered capital of company has increased from CNY 10,000,000 to RMB 20,000,000.

The Shanghai Sinotec (Group) Co., Ltd's shareholding ratio is still 19%, and Shanghai Huajian Investment Management Ltd.'s shareholding ratio is still 81%.