Willfar Information Technology Co., Ltd. (Hong Kong) Co., Ltd. announced that it will receive HKD 770 million in an equity round of funding on January 22, 2024. The transaction will include participation from returning investor, Willfar Information Technology Co., Ltd. After the capital increase is completed, the registered capital of company will be changed from HKD 30 million to HKD 800 million. The company will remain a wholly owned subsidiary of the investor.

The transaction has been reviewed and approved at the seventh meeting of investor and third board of directors and does not need to be submitted to the company's general meeting of shareholders for review.