Nicrotek Co., Ltd. announced that it will receive CNY 332,262,619.82 in an equity round of funding from returning investor SVG Group Co., Ltd. on August 16, 2021. The investor retain its 100% stake in the company. The registered capital of the company will increase from CNY 75,000,000 to CNY 150,000,000 post closing of the transaction.

The transaction has been approved at the 43rd meeting of the 4th directorate and 4th supervisory board of the investor.