Shanghai Science and Technology Network Communication Co., Ltd announced that it will receive CNY 100,000,000 in an equity round of funding on August 22, 2020. The transaction will include participation from returning investors INESA Intelligent Tech Inc. for CNY 80,000,000 (SHSE:600602) and Shanghai Science and Technology Venture Capital Co., Ltd for CNY 20,000,000. INESA Intelligent Tech Inc. (SHSE:600602) holds 80% stake in the company and Shanghai Science and Technology Venture Capital Co., Ltd holds 20% stake. The investors will invest in proportion of their shareholding ratio. Post the closing of the transaction, the registered capital of the company will increase from CNY 200,000,000 to CNY 300,000,000, Shanghai Science and Technology Venture Capital Co., Ltd will continue to hold 20% stake in the company and INESA Intelligent Tech Inc. (SHSE:600602) will continue to hold 80% stake in the company.