Xinhao Photoelectricity (Chuzhou) Co., Ltd. announced that it will receive CNY 80,000,000 in a round of funding on December 18, 2023. The transaction will include participation from new investor Shenzhen Xinhao Photoelectricity Technology Co., Ltd for CNY 80,000,000. The company will issue common shares in the transaction.

The transaction has been approved in the 3rd directorate and the 8th session of the company?s 3rd supervisory board.