Shanghai CloudWalk Huilin Artificial Intelligence Technology Co., Ltd announced that it will receive CNY 70,000,000 in round of funding on August 11, 2023. The transaction included the participation from existing investor, CloudWalk Technology Co., Ltd and hold 100% stake. The company will issue common shares in the transaction.

The registered capital is CNY 710,000,000. The company held that the transaction has been approved in the 9th Meeting of the Company?s 2nd Directorate and the 6th Meeting of the 2nd Supervisory Board of investor, and does not need the Shareholders? Approval.