Avary Holding Investment (Shenzhen) Limited announced that it will receive CNY 250,000,000 in equity round of funding from existing investor Avary Holding (Shenzhen) Co., Limited on July 2, 2020. The investor will retain 100% stake in the company. The registered capital will increase from CNY 200,000,000 to CNY 450,000,000 upon closing. The transaction has been approved by the board of directors of the investor.