Shenzhen Si?aotuo Technology Co., Ltd. announced that it will raise CNY 18.80 million in an equity financing on October 9, 2023. The transaction will include participation from new investors, Shenzhen Jame Technology Corp., Ltd. will invest CNY 8.80 million of which CNY 0.020342 million will be added as registered capital, CNY 8.779658 million will be added as capital reserve for 1.5689% stake and Shenzhen Maosheng Ruichen No. 7 Venture Capital Partnership Enterprise (Limited Partnership) will invest CNY 10 million.

Out of CNY 18.8 million of proceeds, CNY 0.43458 million will goes to the registered capital of the company. Prior to the transaction, the registered capital of the company is CNY 1.25313 million.