Guangzhou ZS-robot Intelligent Equipment Co., Ltd. announced that it has entered into a capital increase agreement for a private placement of common shares for gross proceeds of CNY 70 million on August 30, 2021. The transaction has been approved at the sixth meeting of the fourth board of directors of the investor. Upon completion, the investor will hold 19.3534% stake in the company, and CNY 7,070,707 is included in the registered capital, and CNY 6,929,293 is included in the capital reserve.