Hongshengfu Electronics (Shenzhen) Co., Ltd. announced that it will receive CNY 96,000,000 in an equity round of funding on June 16, 2024. The transaction will include participation from new investor, Unilumin Group Co., Ltd for 43.81% stake in the transaction. Out of CNY 96,000,000, CNY 2,481,350 will goes to registered capital, and the remaining CNY 93,518,650 will goes to capital reserve of the company.

The registered capital of the company will increase from CNY 2,481,350 to CNY 5,663,450. The transaction has been approved by the board of directors of the new investor in its 16th meeting of the fifth board of directors, the 12th meeting of the fifth board of supervisors, and the second special meeting of independent directors of the fifth board of directors of the company. The company has entered into agreement with new investor in the transaction.