Shaoxing Minghao New Energy Technology Co., Ltd. announced that it will receive CNY 40 million in an equity round of funding on March 5, 2024. The transaction include the participation from returning investor Zhejiang Ming Jewelry Co., Ltd hold 100% stake in the company. The company's registered capital is increase from CNY 10 million to CNY 50 million.

The transaction has been approved by the 16th meeting of the fifth board of directors.