Ningbo Junhe Lanqi Technology Co., Ltd. announced that it will receive CNY 200,000,000 in an equity round of funding from returning investor Junhe Pumps Holding Co., Ltd on February 25, 2022. on closing, the investor retains its 100% stake in the company. Post-closing, the registered capital of the company will increase from CNY 100,000,000 to CNY 3000,000,000.

The transaction has been approved by board of directors of company in its 6th meeting of the Board of Supervisors and the 6th meeting of the 4th Board of Supervisors are considered and approved, and do not need to be submitted to the general meeting of shareholders for deliberation.