Zhejiang Chunhui Instrumentation Co.,Ltd announced that it issue no more than 600,000 shares at an issue price of CNY 5.3 for gross proceeds of CNY 3,180,000 in a round of funding on December 30, 2022. The transaction will include participation from returning investor Zhejiang Chunhui Intelligent Control Co., Ltd. for no more than 400,000 shares for CNY 2,120,000; and Chen Feng for no more than 200,000 shares for CNY 1,060,000. After completion of the transaction, the investor will hold 16,023,266 shares of company, accounting for 38.69% of the total share capital of the company.

It is estimated that the total share capital of the company after completion of the transaction is 41,415,109 shares. The transaction has been reviewed and approved in the twelfth meeting of the eighth board of directors.