Hubei Chutian High Speed Digital Technology Co., Ltd. announced that it will receive CNY 109,101,300 in a round of funding on April 29, 2022. The transaction will include participation from existing investor, Hubei Chutian Smart Communication Co.,Ltd. The investor will will use cash of CNY 90,000,000 and will acquire the company's 100% stake priced at CNY 19,101,300. After the completion of the transaction, registered capital will be increased from CNY 20,000,000 to CNY 110,000,000.

The transaction has been approved in the 18th meeting of the company's 7th directorate, and does not need the shareholders' approval.