Zhejiang Yuejian Electromechanical Technology Co., Ltd. announced that it will receive CNY 60,000,000 in an equity round of funding on October 19, 2020. The transaction will include participation from returning investor Zhejiang Yuejian Intelligent Equipment Co.,Ltd. (SHSE:603095), to retain 100% stake in the company. Upon completion, the registered capital of the company will increase from CNY 120,000,000 to CNY 180,000,000. The transaction has been approved in the 1st meeting of the investor’s 2nd directorate and does not need the investors shareholders’ approval.