Sichuan Qianye Technology Co., Ltd. signed a Capital Increase and Share Transfer Agreement to issue 7,526,637 common shares at an issue price of CNY 8.96814872 per share for the gross proceeds of CNY 67,500,000 on December 19, 2023. The transaction will include participation from new investor Sichuan Jinshi Technology Co.,Ltd. The company will raise CNY 7,526,637 into registered capital and CNY 59,973,363 into capital reserve. The transaction has been approved by the 5th meeting of the 3rd board of directors.

The round has to be raise at a pre money valuation of CNY 120,000,000.