Hangzhou Qi´ao Communication Technology Co., Ltd. announced that it will receive CNY 35,000,000 in an equity round of funding on March 30, 2022. The transaction will include participation from returning investor, Hangzhou Anysoft Information Technology Co., Ltd. to retain 100% stake in the company. Of the total proceeds, CNY 10,000,000 will go towards paid-in-capital and CNY 25,000,000 will go towards capital reserve.

The transaction has been approved in the second meeting of the fourth board of directors and the second meeting of the fourth board of supervisors of the investor and it does not need to be submitted to its general meeting of shareholders for deliberation. Prior to the transaction, the registered capital of the company is CNY 10,000,000.