Hang Xiao Steel Structure (Hangzhou) Intelligent Manufacturing Co., Ltd. announced that it will receive CNY 420,000,000 in an equity round of funding on July 10, 2023. The transaction included participation from new investor, Hang Xiao Steel Structure Co.,Ltd. The transaction has been approved during the 17th meeting of the 8th Directorate, and does not need the shareholders’ approval. The company's registered capital will increase from CNY 180,000,000 to CNY 600,000,000 post the transaction.