Beijing Dexin Zhiyuan Technology Co., Ltd. announced that it will receive CNY 380 million in funding from returning investor, Beijing Sinnet Technology co., Ltd. (SZSE:300383) on June 3, 2016. As part of the round, the investor will retain 100% stake in the company. Post-closing of the transaction, the registered capital of the company will increase from CNY 100 million to CNY 380 million. The transaction was approved at the 3rd directorate’s 4th meeting and does not require shareholders’ approval of the investor.