The funds raised will be used primarily to support Lion TCR's clinical trials on hepatitis B virus (HBV)-specific TCR T cell therapy, while also facilitating the construction of a state-of-the-art GMP facility in China. This momentous achievement will further accelerate the development of cutting-edge technology platforms and the advancement of Lion TCR's product pipelines. 

During the 13th Meeting of the Singapore-Guangdong Collaboration Council (referred to as "SGCC") on June 26, 2023, Lion TCR achieved a significant milestone by signing the Investment Agreement with the three strategic investors. This event took place in the presence of distinguished witnesses, including Singapore's Minister for Health, Mr. Ong Ye Kung, and the Governor of Guangdong Province, Mr. Wang Wei Zhong.