Guangzhou Longzhijie Technology Co., Ltd. announced that it will receive CNY 90 million in equity round of funding on December 14, 2021. The transaction will include participation from existing investor Beijing Chieftain Control Engineering Technology Co., Ltd. to retain its 100% stake. Upon closing, the registered capital of the company will increase from CNY 14.117647 million to CNY 104.117647 million.

The transaction has been approved in the thirteenth meeting of the fourth board of directors of the company and thirteenth meeting of the company's fourth board of supervisors.