Suzhou Quanxin Communication Technology Co., Ltd. announced that it will raise CNY 23,000,000 in its equity round of funding on August 5, 2023. The transaction will include participation from new investor Suzhou Cheersson Precision Metal Forming Co., Ltd. The transaction has been approved in the 31st Meeting of the Company?s 2nd Directorate, and is subject to the Shareholders? Approval.

Suzhou Quanxin Communication Technology Co., Ltd. registered capital will increase from CNY 17,000,000 to CNY 40,000,000.