Dongguan Yingmai Communication Technology Co., Ltd. announced that it will receive CNY 31 million in an equity round of funding through capital increase on December 23, 2022. The transaction include participation from from retuning investors Suzhou Chunqiu Electronic Technology Co., Ltd. to hold 64.25% stake, Hangzhou Yingmai Xianghui Enterprise Management Consulting Partnership (Limited Partnership) for 10.63% stake, Shenzhen Yingmai Zhongcheng Investment Partnership (Limited Partnership) for 13.88% stake, and new individual investors Xiong Xianjun for 3.63% stake, Wei Xiaofeng for 1% stake, Wang Haibin for 1.19% stake, Xue Chenhui for 1.38% stake, Lu Qiuping for 1.50% stake, Zhang Zhenjie for 1.31% stake, and Ruan Qiang for 1.25% stake in the company. The transaction does not need to be considered by the board of directors and the general meeting of shareholders.