Beingmate (Tianjin) Technology Co., Ltd. announced a placement of common shares for gross proceeds of CNY 160,000,000 on July 18, 2023. The transaction will include participation from returning investor, Beingmate Co., Ltd. Through the transaction, the company's registered capital will increase from CNY 60,000,000 to CNY 220,000,000. The transaction has been approved by the board of directors of Beingmate Co., Ltd. and does not need to be submitted to the general meeting of shareholders for consideration.