Tianxin Electronics (Chengdu) Co., Ltd. announced that it has signed a investment agreement to raise CNY 11,666,667 in around of funding on October 10, 2023. The transaction will include participation from new investor Hangzhou Anysoft Information Technology Co., Ltd. for 60% stake in the company. The company will issue common shares in the transaction.

The company does not need to submit any approvals to the board of directors or shareholders? meeting for review. Upon 15 working days from the effective date of this agreement and after meeting the transaction conditions, the investor shall pay 20% of the capital increase payment to the company, totaling CNY 3,720,000, within 15 working days after the industrial and commercial changes of this transaction are completed, investor shall pay 30% of the capital increase payment to the company, totaling CNY 5,580,000.