AST completes strategic financing of over 300 million yuan

AST has completed strategic financing of over RMB 300 million. This is the A+ round of financing for AST led by Wu Ping of Wu Yue Feng Capital, following the investment by Li Feng of Wu Yue Feng Capital. The National Development Bank, CITIC Construction Investment, Ruixin Capital, Zhuhai Huajin Group, Hong Kong Zheng Group, Nantong Municipal Government, Shanjin Capital, Industrial Capital SAIC Hengxu and other related or affiliated institutions followed suit, with a total financing of over RMB 300 million.