Tsudakoma (Changshu) Co., Ltd. announced that it will raise CNY 10,000,0000 in an equity round of funding from existing investor Tsudakoma Corp. on August 7, 2020. The investor will increase its stake from 87.15.7% to 88.39%. The transaction was approved at the board of directors’ meeting of the investor. The transaction is expected to close by the end of February 2013. Post the transaction, the registered capital of the company will increase from CNY 93,390,000 to CNY 103,390,000. The transaction is expected to close in end of October 2020.