Nanping Tongxin New Energy Technology Co., Ltd. announced that it will issue common shares for gross proceeds of CNY 15 million on April 10, 2023. The transaction will include participation from returning investor, Shenzhen Coship Electronics Co., Ltd. The transaction has been approved at the 27th session of the company’s 6th directorate. The transaction still needs to be approved by the company’s shareholders.

After the capital increase, company's registered capital will increase from CNY 5 million to CNY 20 million.