Hong Kong Kangguan Technology Co., Ltd. announced that it will receive HKD 50,000,000 in an equity round of funding from returning investor Shenzhen KTC Technology Co., Ltd. on June 24, 2022. On closing, the investor retains its 100% stake in the company. Post-closing, the registered capital of the company will increase from HKD 10,000,000 to HKD 60,000,000.

The transaction was approved by the board of directors of the investor in its 2nd session of the company's 2nd directorate and the 2nd session of the company's 2nd supervisory board.