Shanghai Jukun Network Technology Co., Ltd. signed a capital increase agreement for the gross proceeds of CNY 595,000,000 on October 30, 2023. The transaction will include participation from returning investors Giant Network Group Co., Ltd. will invest CNY 290,446,300,Giant Investment Co., Ltd. will invest CNY 303,450,000 and Shanghai Judao Network Technology Co., Ltd. will invest CNY 1,103,700. The company will issue common shares in the transaction.

The transaction has been approved in the 4th meeting of the 6th Directorate of the company. The payment will be done by multiple tranches.