Fujian Star-net eVideo Information System Co., Ltd announced that it will raise CNY 50,000,000 in an equity funding on September 22, 2023. The transaction will include participation from returning investor, Fujian Star-net Communication Co., LTD. The transaction has been approved at the 24th meeting of the 6th board of directors. After the capital increase, the registered capital of the company will amount to CNY 100,000,000 and the investor will still be holding 100% stakes in the company.