Bioarticure Medical Technology (Shanghai) Co., Ltd. announced that it has signed an agreement to raise CNY 20,000,006.4064 in an equity funding on November 13, 2023. The transaction will include participation from returning investor, Shanghai Kinetic Medical Co., Ltd out of which CNY 172,336 will go to registered capital and its stake will increase from 24.1332% to 32.9293% in the company. The transaction has been approved at the eleventh meeting of the fifth board of directors and eleventh meeting of the fifth supervisory board.