Shandong Zhongfu Security Technology Co., Ltd. announced that it will raise CNY 450 million in a round of funding on March 29, 2024. The transaction will include participation from returning investor Zhongfu Information Inc. to retain its 100% stake in the company. The registered capital will increase from CNY 150 million to CNY 600 million.

The transaction has been approved by the board of directors of the investor.