Jiangsu Siyuan Special Transformer Co., Ltd. announced that it will raise CNY 250,000,000 in an equity round of funding on April 19, 2024. The transaction will include participation from returning investor Sieyuan Electric Co., Ltd. The transaction has been approved by the seventh meeting of the company's eighth board of directors. After the transaction, Jiangsu Siyuan Special Transformer Co., Ltd.'s registered capital will increase from CNY 250,000,000 to CNY 500,000,000.