Shanghai Shizhong Information Technology Co., Ltd. announced that it will receive CNY 999,000,000 in an equity round of funding on December 12, 2016. The transaction will include participation from returning investor Tus-Sound Environmental Resources Co., Ltd. (SZSE:000826) to maintain its 100% stake in the company after the transaction. The registered capital of the company will increase from CNY 1,000,000 to CNY 1,000,000,000. The transaction was approved at the 13th session of the 6th directorate of the investor and does not need its shareholders’ approval.