Shanxi Yuding Precision Electronics Co., Ltd . announced that it will receive CNY 300,000,000 in a round of funding on June 8, 2021. The company will issue common shares in the transaction. The transaction include participation from existing investor Foxconn Industrial Internet Co., Ltd. (SHSE:601138) for CNY 133,500,000 and Futaihua Precision Electronics (Zhengzhou) Co., Ltd. for CNY 166,500,000. Post completion of transaction, the registered capital of the company will increase from CNY 300,000,000 to CNY 2700,000,000. The transaction has been approved at 11th meeting of the second board of directors and the 9th meeting of the second board of supervisors of the investors and does not require the company's shareholders approval.