XGimi Technology Co. Ltd. announced that it will receive CNY 60 million in equity funding on April 5, 2016. The transaction will include participation from investors Jiangnan Zhongnan Heavy Industries Co., Ltd. for CNY 50 million, of which CNY 345,585 will be added as registered capital, the remaining balance will be added as capital reserve, obtaining 3.9308% stake in the company after capital increase and Jiangyin Zhongnan Changchun Equity Investment Partnership (Limited Partnership) for CNY 10 million, of which, CNY 69,117 will be added as registered capital, the remaining balance will be added as capital reserve, obtaining 0.7862% stake in the company.

Investors will acquire total 4.717% stake in the company. The transaction has been approved at 58th session of the company's 2nd directorate of Jiangnan Zhongnan Heavy Industries Co., Ltd. The transaction is not subject to shareholders' approval. The company has reported total assets of CNY 155,057,942.15, net assets of CNY 96,662,639.91, revenue of CNY 234,827,647.28, and net loss of CNY 35,192,977.86 for the year ended December 31, 2015.