Anhui Zhongke Guochuang Gaokexin Software Co., Ltd. announced that it has entered into capital increase agreement to raise CNY 9.8 million in an equity round of funding on December 1, 2021. The transaction will include participation from returning investors, GuoChuang Software Co.,Ltd., Ji Jinlong, Chen Yiyun, Hua Bei, Zhang Yu, Li Zhaopeng, new investors, Hefei Gaoxin and Hefei Shengtong will use CNY 4,873,910, CNY 349,540, CNY 475,320, CNY 196,000, CNY 196,000, CNY 966,920, CNY 1,550,000 and CNY 1,192,310 respectively to subscribe for new add registered capital of CNY 3,481,370, CNY 249,670, CNY 339,510, CNY 140,000, CNY 140,000, CNY 690,660, CNY 1,107,140 and CNY 851,650 respectively. Of the gross proceeds, CNY 7 million will go towards capital reserve and CNY 2.8 million towards capital reserve.

The company will increase the capital at the price of CNY 1.40/registered capital. The transaction has been approved in the twenty-seventh meeting of the third board of directors of the investor. Post to the transaction the registered capital of the company will increase from CNY 10.033 million to CNY 17.033 million and the stake held by the investor will be 60.79%.

Within 30 days after the signing of this agreement, each capital contributor shall pay 80% of its capital increase; within 30 days after the completion of the industrial and commercial change procedures for this capital increase transaction, each capital contributor shall pay the remaining 20% of its corresponding capital increase.