Dongguan Mingtian Industrial Investment Co., Ltd. announced that it has raised CNY 70,000,000 in a round of funding by new investor, Dongguan Mentech Optical & Magnetic Co., Ltd. on July 20, 2023. The company will issue common shares in the transaction. After the capital increase, the registered capital of the company increases from CNY 30,000,000 to CNY 100,000,000.

Dongguan Mentech Optical & Magnetic Co., Ltd. holds 100% stake in the company. The transaction has been approved by the 28th meeting of the 4th directorate of the company.