Jiangsu Runchuang Metal Technology Co., Ltd. announced a placement of common shares for gross proceeds of CNY 6 million on September 5, 2023. The transaction will include participation from new investor, XDC Industries (Shenzhen) Limited for 10% stake. Through the capital increase, CNY 2,222,300 will be added to registered capital and CNY 3,777,700 to the capital reserve.