Suzhou Xinguodu Electronic Technology Co., Ltd. announced that it will receive CNY 128,060,000 in a round of funding from existing investor Shenzhen Xinguodu Technology Co. Ltd. on January 3, 2014. The company will issue equity securities in the transaction. The transaction was approved at the 17th special session of the 2nd directorate meeting of the investor. As a result of the transaction, the registered capital of the company will increase from CNY 150,000,000 to CNY 278,060,000 and the investor will hold a 94.6% stake.

On January 7, 2014, the company amended the terms of the transaction. The company shall receive an additional CNY 130,000,000 in the transaction. As a result of the transaction, the registered capital of the company will increase to CNY 408,060,000. As a result of the transaction, the investor will hold a 96.3% stake in the company.