Hunan Xiangjiang Kunpeng Information Technology Co., Ltd. announced that will receive CNY 300,000,000 on December 20, 2023. The transaction will include participation from returning investor Talkweb Information System Co.,Ltd. The company will issue common shares in the transaction. The transaction has been approved in the 17th session of the company?s 8th directorate.

After the capital increase, company's registered capital will increase from CNY 200,000,000 to CNY 500,000,000. Prior to capital increase the company has subscribed for CNY 150million for 75% stake and Hunan Xiangjiang Intelligent Technology Innovation Center Co., Ltd. For CNY 50 million for 25% stake and post completion the company will subscribe for CNY 450 million for 90% stake and Hunan Xiangjiang Intelligent Technology Innovation Center Co., Ltd. For CNY 50 million for 10% stake.