Fengcheng NAR Technology Group Co., Ltd. announced that it will raise CNY 100 million in an equity round of funding on April 21, 2023. The transaction will include participation from returning investor, Shanghai NAR Industrial Co., Ltd. Post the completion of transaction, the registered capital of the company will increase from CNY 50 million to CNY 150 million. The transaction has been approved by the board of directors of the company in the second meeting of the fifth board of directors and the second meeting of the fifth board of supervisors.