Shenzhen Huihong Laser Technology Co., Ltd. announced that it has received CNY 25,000,000 in an equity round of funding on May 21, 2022. The transaction will include participation from new investors, Shenzhen United Winners Laser Co., Ltd. for CNY 10,000,000, of which CNY 133,300 will go towards registered capital for 10% stake, Beijing Phase II Zhongke Chuangxing Hard Technology Venture Capital Partnership (Limited Partnership, a fund managed by Beijing Zhongke Chuangxing Venture Capital Management Partnership Ent. (L.P.) for CNY 9,910,000, of which CNY 132,100 will go towards registered capital for 9.91% stake, Yang Lingzhong Kechuangxing Management Consulting Partnership (Limited Partnership) for CNY 90,000, of which CNY 1,200 will go towards registered capital for 0.09% stake and Tian Feng for CNY 5,000,000, of which CNY 667,000 will go towards registered capital for 5% stake.

The investors have acquired 25% stake in the company. The company has been approved in the 8th Meeting of Shenzhen United Winners Laser Co., Ltd.'s 4th Directorate and the 6th Meeting of its 4th Supervisory Board, and does not need its Shareholders' Approval. The company will sign capital increase agreement with the investors.