KeaHoarl Technology Inc. announced that it has entered into a capital increase agreement for an equity round of funding on May 18, 2016. The transaction will include participation from new investors, Shanghai New Culture Media Group Co., Ltd., Chengdu Lianchuang Borui Equity Investment Fund Management Center (Limited Partnership), and Yangzhou Fuhai Yangfan Internet Culture Investment Center (Limited Partnership). Shanghai New Culture Media Group Co., Ltd will invest CNY 50,000,000 for CNY 3,152,864 into the registered capital of the company, Chengdu Lianchuang Borui Equity Investment Fund Management Center (Limited Partnership) for CNY 1,891,139 into the registered capital and Yangzhou Fuhai Yangfan Internet Culture Investment Center (Limited Partnership) for CNY 630,548 into the registered capital. Pursuant to the transaction, the investors will acquire 10.87%, 6.52% and 2.17% stakes in the company respectively. The investors will acquire a total stake of 19.56% in the company through the transaction. On closing, the registered capital of the company will increase from CNY 23,331,778 to CNY 29,006,329. The company reported total assets of CNY 29,413,300, total liabilities of CNY 3,730,200, net assets of CNY 25,683,000, revenue of CNY 22,142,500 and net loss of CNY 16,423,200 for the year ended December 31, 2015.