Beijing Yuanliu Hongyuan Electronic Technology Co., Ltd. announced that it will receive CNY 60 million in a round of funding on May 29, 2019. The company will issue common shares in the transaction. The transaction will include participation from the parent of the company. Post the closing of the transaction, the registered capital of the company will increase from CNY 20 million to CNY 80 million and the investor will continue to retain 100% stake in the company. The transaction was approved by the board of directors at the 9th extraordinary meeting of the 1st directorate of 2019.