Guilin Xiangzhao Technology Co., Ltd. announced that it will receive CNY 109.4233 million in an equity round of funding through capital increase on July 26, 2022. The transaction will include participation from returning investor, JinFu Technology Co., Ltd. The registered capital of the company will increase from CNY 60 million to CNY 169.45 million post closing of the transaction. The transaction has been approved at second extraordinary meeting of the third board of directors and, the second extraordinary meeting of the third board of supervisors.