Ningxia OJing Science & Technology Co., Ltd. announced that it will receive CNY 329,010,000 in an equity round of funding on December 18, 2023. The transaction will include participation from returning investor Inner Mongolia OJing Science & Technology Co., Ltd. to retain the majority stake in the company. The registered capital of the company is CNY 10,000,000.

This has been approved in the 23rd Meeting of the 3rd Board of Directors and 16th Meeting of the 3rd Board of Supervisors. Post-completion of the transaction the registered capital of the company will increase from CNY 10,000,000 to CNY 339,010,000.