Zhejiang Hete Optoelectronics Co., Ltd. announced that it will receive CNY 31.38 million in an equity round of funding on April 28, 2022. Hang Xiao Steel Structure Co., Ltd. will increase its capital by CNY 30 million and Zhang Qunfang will increase its capital by CNY 1.38 million, After the completion of the transaction Hang Xiao Steel Structure Co., Ltd. will hold 65% of its equity, and Zhang Qunfang will hold 35% of its equity. The transaction is approved by the board of directors.

The registered capital of the company will increase from CNY 68.62 million to CNY 100 million.