Wuhan Jinma Entertainment Equipment Co., Ltd. announced that it will receive CNY 100,000,000 on July 25, 2023. The transaction will include participation from returning investor Guangdong Jinma Entertainment Corporation Limited. The transaction is approved in 22nd meeting of the company?s 3rd directorate and the 21st meeting of the 3rd supervisory board and does not need share holder approval.

The company will issue common stock in the transaction. The company registered capital will increase from CNY 49,000,000 to CNY 79,000,000.