Huizhou Chuangyitong Electronic Technology Co., Ltd. announced that it will receive CNY 170 million in an equity round of funding on June 8, 2021. The transaction will include participation from returning investor Shenzhen Chuangyitong Technology Co.,Ltd. and will retain its 100% stake in the company. Pursuant to the transaction the registered capital of the company will increase from CNY 30 million to CNY 200 million.

The transaction has been approved by the thirteenth meeting of the second board of directors and the ninth meeting of the second board of supervisors and is still subject to approval from investor's first extraordinary general meeting of shareholders in 2021.