Beijing Zhongdian Feihua Communications Co., Ltd. announced that it will receive CNY 143,357,600 in a round of funding from returning investor State Grid Information & Communication Co., Ltd. on April 20, 2022. The company will issue common shares in the transaction. Post the closing of the transaction, the investor will continue to hold 100% stake in the company and registered capital will increase from CNY 345,145,500 to CNY 488,503,100.

The transaction was approved at the 14th meeting of the 8th supervisory board.