On August 27, Maxim Technology announced the completion of a new round of financing. The company successfully issued 19.04 million shares at a price of 15.46 yuan per share, raising funds of 30 million yuan, mainly used for the company's new energy vehicle magnetic electronic components research and development and industrialization project funding gap and supplementary liquidity.

In this fixed increase, Dongguan Hongtu Venture Capital Fund Partnership subscribed for 25 million yuan, and Shenzhen Innovation Investment Group Co., Ltd. (hereinafter referred to as “Shen Chuang Investment”) subscribed for 5 million yuan. The announcement shows that Shenzhen Venture Capital is one of the limited partners of Dongguan Red Earth.