Chongqing Silian Sensor Technology Co., Ltd. announced that it has entered into an investment agreement for a private placement of common shares for gross proceeds of CNY 130,000,000 on July 16, 2021. The transaction will include participation from returning investor Chongqing Chuanyi Automation Co., Ltd., new investors Beijing Junlian Shengyuan Equity Investment Partnership Enterprise (Limited Partnership) for 4.33% stake, Shanghai Junlian Shenghao Venture Capital Partnership Enterprise (Limited Partnership) for 8.67% stake, Shanghai Baolong Automotive Technology (Anhui) Co., Ltd. for 3.64% stake and SME Development Fund (Jiangsu Nantong Limited Partnership) for 13% stake. Post the transaction, CNY 27,857,100 will be added to the registered capital of the company and the registered capital will increase from CNY 90,000,000 to CNY 117,857,100 and CNY 102,142,900 will be added to the capital reserve of the company and Chongqing Chuanyi Automation Co., Ltd.'s stake holding in the company will decrease from 30% to 22.91%.