Guangzhou Shiyuan Innovation Technology Co., Ltd. announced that it will receive CNY 1,233,789,800 in an equity round of funding from returning investor Guangzhou Shiyuan Electronic Technology Company Limited on July 25, 2022. On closing, the investor retains its 100% stake in the company. After the capital increase is completed, the registered capital of the company will be CNY 1,433,789,800.

The transaction has been approved by the board of directors of investors in its 19th meeting of the 4th Board of Directors and the 18th meeting of the 4th Board of Supervisors and does not need to be submitted to the general meeting of shareholders for deliberation.