Beijing HSEC Technology Co., Ltd. announced that it will issue 45,480,000 shares at issue price of CNY 1 per share for gross proceeds of CNY 45,480,000 in an equity round of funding on October 29, 2021. The transaction will include participation from returning investors, Feitian Technologies Co., Ltd. for 41,611,694 shares to retain its 91.49% stake, Wu He for 2,959,959 shares to retain its 6.51% stake, Li Honghui for 626,446 shares to retain its 1.38% stake, Gong Weiwei for 187,934 shares to retain its 0.41% stake, Wang Ying for 93,967 shares to retain its 0.21% stake in the company. The registered capital of the company will increase from CNY 14,520,0000 to CNY 60,000,000. The transaction has been approved at the 15th meeting of the fourth board of directors of Feitian Technologies Co., Ltd.