Hefei Jee Power System Co., Ltd. announced that it will receive no more than CNY 610,513,200 in an equity round of funding on February 24, 2022. The transaction will include participation from returning investor Jee Technology Co., Ltd. On closing, the investor retains its 100% stake in the company. The total gross proceeds, in which, CNY 100,000,000 will go to the registered capital and the rest CNY 510,513,200 will go to capital reverse.

The registered capital of the company will increase from CNY 50,000,000 to CNY 150,000,000. The transaction has been approved by board of directors of Jee Technology Co., Ltd. in its fourteenth meeting of the first board of directors and the tenth meeting of the first board of supervisors.