Financing History of Tongguang Shares

In December 2020, Tongguang Co., Ltd. completed two rounds of financing in the same month. The investor in Round A was Guotou Venture Capital, and Round B was exclusively invested by Kunlun Wanwei. In January 2021, Tongguang Co., Ltd. announced the completion of Round C financing, led by CPE Yuanfeng. A month later, Tongguang Co., Ltd. quickly completed Round C+ financing, led by Galaxy Yuanhui. In May of the same year, Tongguang Co., Ltd. announced that it had obtained Round D financing, led by Lianxin Capital, and jointly invested by Yunhui Capital, Fanyu Capital, Haolan Capital, and BAIC Industrial Investment Fund. In July of the same year, Tongguang Co., Ltd. received a new round of financing of several hundred million yuan, with the participation of Red Horse Capital. Other investors include Huichuan Technology, CPE Yuanfeng, Nanjing Nanchuang, Shanghai Lianxin, Shanghai Military-Civilian Integration Industry Fund and other institutions. In December 2021, it announced that it had signed a "Strategic Investment Agreement" with Great Wall Motors, Baoding Industrial Guidance and Development Group and Junxi Capital. Great Wall Motors will lead the investment, and Baoding Industrial Development and Junxi Capital will jointly invest hundreds of millions of yuan to acquire shares in Tongguang Co., Ltd.