Hefei Jingchao Optical Technology Co., Ltd announced that it will receive CNY 240 million in a round of funding on December 20, 2021. The transaction will include participation from existing investor, OFILM Group Co., Ltd. for CNY 240 million, of which CNY 200 million will be increased with raised funds and CNY 40 million will be increased with its own funds. After the capital increase the shareholding ratio of the investor will increase from 99% to 99.96%.

The transaction has been approved in the second (temporary) meeting of the fifth board of directors and the second (temporary) meeting of the fifth board of supervisors and the proposal still needs to be submitted to the company's shareholders meeting for deliberation. After the completion of the transaction, registered capital will be increased from CNY 10 million to CNY 250 million.