Beijing Beitai Culture Media Co., Ltd announced that it will receive CNY 4 million in a round of funding from new investor, Angel Yeast Co., Ltd (SHSE:600298) on September 22, 2017. On closing, the registered capital of the company will increase from CNY 1 million to CNY 5 million. The company will funding through increasing registered capital. The investor will hold 90% stake in the company on closing. The transaction was approved by the board of directors. The company held the 8th session of the 7th directorate meeting of the investor and is not subject to approval from its shareholders.