Shenzhen L&A Blooming Digital Technology Co., Ltd. announced that it has signed a capital increase agreement for CNY 19,000,000 in an equity round of funding on November 14, 2021. The transaction will include participation from returning investor Shenzhen Blooming Cultural Creation Investment Co., Ltd. for registered capital of CNY 8,800,000 for 49% stake after completion and new investor Shenzhen L&A Design Holding Limited for registered capital of CNY 10,200,000 for 51% stake after completion. The registered capital of the company will increase from CNY 1,000,000 to CNY 20,000,000.

Within 5 working days after the completion of registration modification, the investors will pay 20% of the transaction amount. The remaining balance will be paid before May 1, 2022. After completion, the company name will change to Shenzhen L&A Blooming Digital Technology Co., Ltd.