Guangzhou Alpha Culture Communications Co., Ltd. announced that it will receive CNY 300,000,000 in an equity round of funding on August 26, 2016. The transaction will include participation from returning investor Alpha Group (SZSE:002292). The registered capital of the company will increase from CNY 200,000,000 to CNY 500,000,000. Post the closing of the transaction, the investor will continue to hold 100% stake in the company. The transaction was approved at the 2nd meeting of the 4th directorate of the investor and is not subject to its shareholders’ approval. The company reported total assets of CNY 679,113,825.74, total liabilities of CNY 216,704,976.64, net assets of CNY 462,408,849.10, revenue of CNY 253,886,965.04, total profit of CNY 51,391,637.76, and net profit of CNY 46,663,789.27 for the year ended December 31, 2015.