Wuhan Jinma Entertainment Equipment Co., Ltd. announced that it will receive CNY 100 million in an equity round of funding on September 27, 2023. The transaction will include participation from returning investor Guangdong Jinma Entertainment Corporation Limited to retain 100% stake in the company. The transaction has been approved by the 24th meeting of the third board of directors and the 23rd meeting of the third board of supervisors of Guangdong Jinma Entertainment Corporation Limited.

After the transaction, the registered capital of the company will increase from CNY 79 million to CNY 179 million. The funding will be raised in installments.