Beijing Hurricane Technology Co., Ltd. completes RMB 300 million Series B financing

Beijing Hurricane Technology Co., Ltd. ("Hurricane Technology") announced the completion of a RMB 300 million Series B financing. This round of financing was jointly led by Shenzhen Capital Group Manufacturing Transformation and Upgrading New Materials Fund, a specific investment vehicle of the National Manufacturing Transformation and Upgrading Fund, and China National Venture Capital New Intelligence Fund, a subsidiary of China Guoxing, with participation from GF Securities and Shengjing Jiacheng, and continued investment from old shareholder Hetang Venture Capital. This round of financing will mainly be used for the company's capacity expansion at its Liuzhou base, upgrading of small and medium-power products, market expansion of a number of high-power products, and talent introduction.