Tianjin 35 Internet Mobile Communication Co., Ltd. announced that it will receive CNY 272 million in an equity round of funding through capital increase from retuning investor Xiamen 35.Com Technology Co., Ltd. to retain 100% stake in the company on December 24, 2022. The transaction has been approved at fourth meeting of the sixth board of directors and the third meeting of the sixth board of supervisors. The CNY 188.1132 million will be included in the registered capital, CNY 83.8868 million will be included in the capital reserve.

After the capital increase is completed, the registered capital of the company will increase from CNY 171.8868 million to CNY 360 million.