Zhida Yunchuang (Sanhe) Technology Co., Ltd announced that it will receive CNY 1,127,010,000 in an equity round of funding on April 16, 2020. The transaction will include participation from new investor Beijing Sinnet Technology Co., Ltd (SZSE:300383) for 65% stake in the company. Pursuant to the transaction, CNY 65,000,000 will go to the registered capital of the company and CNY 1,062,010,000 will go to capital reserve. The company has signed a capital increase agreement with the investor. The transaction has been approved at the 1st session of 4th directorate of the investor.