Hangzhou Changxin Investment Management Co., Ltd announced that it will receive CNY 150,000,000 in an equity round of funding on May 28, 2018. The transaction will include participation from existing investors Hangzhou Changchuan Technology Co., Ltd. (SZSE:300604) for proceeds of CNY 45,000,000 and Ningbo Paradise Silicon Valley Hehui Venture Capital Partnership Enterprise (Limited Partnership) for proceeds of CNY 105,000,000. Post the closing, the registered capital of the company will increase from CNY 50,000,000 to CNY 200,000,000 and the investors will acquire 25% and 75% stake in the company respectively. The transaction has been approved by the shareholders of the company.