Beijing Ruiji Tongda Technology Co., Ltd. announced that it will receive CNY 25,000,000 in an equity round of funding on October 14, 2020. The transaction will include participation from new investor Beijing Watertek Information Technology Co., Ltd. (SZSE:300324) for 10% stake in the company. The transaction will be completed in multiple tranches. Out of the total gross proceeds, CNY 1,851,900 will go into registered capital, and CNY 23,148,100 will go into capital reserve. Post completion of the transaction, the capital of the company will increase from CNY 16,666,700 to CNY 18,518,600. The transaction has been approved by the board of directors of Beijing Watertek Information Technology Co., Ltd. (SZSE:300324) in the 42nd meeting of the fourth board of directors.