China International Intellectech (Shanghai) Corporation announced that it will receive CNY 250,000,000 in an equity round of funding on December 16, 2021. The transaction will include participation from Citic Press Corporation for CNY 95,000,000 and CITIC Securities Investment Limited for CNY 155,000,000. Post the closing, Citic Press Corporation will hold 0.86% stake in the company.

The transaction has been approved at the 2nd session of the investor's 5th directorate of Citic Press Corporation and by the 32nd Meeting of the 7th Board of Directors of the parent of the investor, CITIC Securities Investment Limited.