Xinbei Nanjing Technology (Nanjing) Co., Ltd. announced that it has entered into an agreement with the new investor Beijing Watertek Information Technology Co., Ltd to issue common shares for the gross proceeds of CNY 40,000,000 on June 21, 2023. The transaction has been approved in the 21st session of the company’s 5th directorate. The registered capital of the company is CNY 41,764,706.

Within fifteen working days after the signing of this agreement becomes effective, the investor shall pay CNY 10,000,000 and within fifteen working days after the industrial and commercial change of this investment is completed and the company’s new business license is obtained, the investor shall pay CNY 30,000,000.