Snowlake tech announced that it has signed into an agreement for the gross proceeds of CNY 15 million in a round of funding on January 16, 2023. The transaction will include participation from Vanjee Technology Co., Ltd. The company issued common shares in the transaction. The transaction has been approved in the the 30th session of the company's 4th directorate of the company.

The registered capital will increase to CNY 1,488,722, with the company owning 5.0847% stake. Prior to this, the company does not own any stake in the target. The company shall pay the capital increase in lumpsum designated by the target within 30 working days after the signing of this agreement and the agreement becoming effective.

As part of the transaction, CNY 74,435 will be added as registered capital, CNY 14,925,565 will be added as capital reserve. The transaction has been approved by the 30th meeting of the 4th board of directors of the investor.