Haimo America, Inc announced that it will receive CNY 137,600,000 in funding from existing investor Haimo Technologies Group Corp. (SZSE:300084) on December 12, 2016. Investor will continue to own 100% stake in the company. After the capital increase, the cumulative investment of the investor would be CNY 462,915,250. The transaction has been approved by investor’s 24th session of the 5th directorate meeting. This transaction does not need to be submitted for review in the company shareholders’ meeting.