Hubei Chutian Smart Communication Co.,Ltd. announced that it will raises CNY 108,775,700 equity round of funding on August 10, 2023. The transaction included the participation from new investor Hubei Chutian High Speed Digital Technology Co., Ltd. own funds in cash of CNY 50,000,000 and hold 100% stake. After the capital increase, the registered capital increased from CNY 110,000,000 to CNY 160,000,000.

The company held sixth meeting of the eighth board of directors, and does not need to be submitted to the company's shareholders' meeting for review.