Shenzhen Chuangdian Digital Technology Co., Ltd. announced that it will receive CNY 5,000,000 in an equity round of funding from new investor Shenzhen Strongteam Decoration Engineering Co., Ltd. (SZSE:002989) on October 9, 2020. Out of the total proceeds, CNY 1,012,146 will go towards registered capital and CNY 3,987,854 will go towards capital reserve. Post to the transaction, the registered capital of the company will increase from CNY 10,000,000 to CNY 11,012,146. The transaction has been approved in the eighth meeting of the third directorate of the investor.