Huizhou Up-shine Lighting Technology Co., Ltd. announced that it will raise CNY 80,000,000 in an equity round of funding on August 28, 2023. The transaction will include participation from new investor Up-shine Lighting Co., Limited. The company's registered capital is CNY 10,000,000 and CNY 70,000,000 added to capital reserve.

In post closing, the registered capital will increase from CNY 60,000,000 to CNY 70,000,000. The company held that the transaction has been approved in the 8th Meeting of the Company?s 2nd Directorate and the 8th Meeting of the Company?s 2nd Supervisory Board.