Huzhou Tony Semiconductor Technology Co., Ltd. announced that it will receive CNY 423,614,400 in an equity round of funding on April 22, 2022. The transaction will include participation from returning investor Zhejiang Tony Electronic Co., Ltd. to maintain 100% stake in the company. The transaction was approved by the board of directors of the investor at its 6th meeting of 3rd directorate and the 5th meeting of 3rd Supervisory Board.