Zhejiang Chunsheng Electronics Co., Ltd. announced that it will receive an equity round of funding for gross proceeds of CNY 254,897,700 on July 17, 2023. The transaction will included participation from returning investor Shenzhen Zesum Technology Co.,Ltd to retain 100% stake in the company. CNY 40,000,000 will go to registered capital and CNY 214,897,700 to capital reserve, and its registered capital will increase from CNY 60,000,000 to CNY 100,000,000.

The transaction has been approved at 10th meeting of the 2nd directorate.