Jiangxi Hongxin Flexible Electronic Technology Co., Ltd. announced that it will receive CNY 220,000,000 in an equity round of funding on October 26, 2023. The transaction included participation from returning investor XiaMen HongXin Electron-tech Group Co.,Ltd to retain the majority stake in the company. Post-completion of the transaction the registered capital of the company will increase from CNY 215,000,000 to CNY 435,000,000.

Post-completion of the transaction XiaMen HongXin Electron-tech Group Co.,Ltd's stake in the company will increase from 95.35% to 97.7%.This has been approved by the board of directors of the company.