Shanghai Baojing Information Technology Development Co., Ltd. announced that it will receive CNY 1.8 billion in an equity round of funding from returning investor, Shanghai Baosight Software Co.,Ltd. (SHSE:600845) on September 22, 2020. Post-closing, the investor will retain its 100% stake in the company. The company's registered capital will increase from CNY 25 million to CNY 1.825 billion. The transaction has been approved by the 12th meeting of the 9th directorate of the investor and still needs to be submitted to the company's shareholders meeting for approval.