Beijing Zhongcheng Huading Architectural Design Co., Ltd. announced that it will receive CNY 97,000,000 in an equity round of funding on August 16, 2018. The transaction will include participation from existing investor Shanghai AtHub Co.,Ltd. (SHSE:603881). Post the closing, the investor will hold 99.4% stake in the company. Post the closing, the registered capital of the company will increase from CNY 3,000,000 to CNY 100,000,000. The transaction has been approved in the 2nd directorate’s 10th meeting by the investor. The company reported total assets of CNY 9,512,800, net assets of CNY 3,943,200, revenue of CNY 5,289,600, and net profit of CNY -478,630,000 for the year ended December 31, 2017.