Tianjin Hi-tech Business Incubator Service Ltd. announces a private placement of gross proceeds for CNY 150 million in round of funding on August 25, 2023. The transaction included the participation from new investor Tianjin Hi-Tech Development Co.,Ltd. hold 100% stake. The Company?s registered capital will increase from CNY 2 million to CNY 152 million.

The company held that the transaction has been approved on the 24th session of the company?s 10th directorate.