Dongguan Shengyi Capital Investment Co., Ltd. announced that it will receive CNY 104,000,000 in an equity round of funding from existing investor, Shengyi Technology Co., Ltd. (SHSE:600183) on August 12, 2020. The investor will retain its 100% stake in the company. On closing, the registered capital of the company will increase by CNY 75,000,000 from CNY 230,700,000 to CNY 305,400,000 and rest CNY 75,000,000 will go to capital reserve. The transaction was approved at the 33rd meeting of the 9th directorate of the investor and is not subject to approval from its shareholders.