Kunming Wingtech Communication Co., Ltd announced that it will receive CNY 92,000,000 in funding on May 6, 2019. The transaction will include participation from existing investor Wingtech Technology Co.,Ltd (SHSE:600745). The registered capital of the company will increase from CNY 8,000,000 to CNY 100,000,000. Post closing, the investor will retain 100% stake in the company. The transaction has been approved at the 4th meeting of the 10th directorate of the investor and is not subject to shareholder approval.