Beijing Hua An Tian Cheng Technology Co., Ltd. announced that it will receive CNY 37,440,000 in an equity round of funding on November 24, 2017. The transaction will include participation from new investor, Wisesoft Co., Ltd. (SZSE:002253) for 23.08% stake in the company. Out of the total capital increase, CNY 12,000,000 will go to the registered capital and remaining will go to the capital reserve of the company. Post the closing of the transaction, the registered capital of the company will increase from CNY 40,000,000 to CNY 52,000,000. The transaction has been approved at the 5th session 6th directorate of the investor. The company reported total assets of CNY 78,959,500, total liabilities of CNY 88,641,200, shareholders equity of CNY -9,681,700, revenue of CNY 29,817,500, operating profit of CNY 3,355,200, and net profit of CNY 3,601,000 for the year ended December 31, 2016.