Piotech (Shanghai) Co., Ltd announced that it will receive CNY 270,000,000 in an equity round of funding from returning investor Piotech Inc. on June 17, 2022. The transaction was approved by the board of directors of the investor at its 11th session of 1st directorate and the 6th session of 1st supervisory board. Post to the closing, the registered capital of the company will increase from CNY 50,000,000 to CNY 320,000,000.