In December 2019, Zhejiang Karhe completed a new round of financing of RMB 65 million.

Based on the needs of the company's business development, Karhe Technology launched a new round of financing in September 2019 after internal shareholders subscribed 10 million yuan in July. This round of financing is RMB 65 million, which will be used for production equipment investment and working capital expenditure. It was jointly invested by Hangzhou Dahua, Hangzhou Baolan and Shanghai Jiyu, and the financing funds were all in place by the end of 2019.