Anhui Yuce Cable Quality Inspection Technology Co., Ltd. announced a private placement of CNY 40 million on December 12, 2022. The transaction will include participation from Shanghai National Center of Testing and Inspection for Electric Cable and Wire Co., Ltd. The transaction has been approved in the 18th session of the company?s 1st directorate and 15th session of the company?s 1st supervisory board and by the State-owned Assets Supervision and Administration Commission of Wuhu. The registered capital of the company will be CNY 14,356,824.