Hefei Actions Intelligent Technology Co., Ltd announced that it will receive CNY 10,000,000 in an equity round of funding from returning investor Actions Technology Co., Ltd. on December 17, 2021. On closing, the investor retains its 100% stake in the company. Post-closing, the registered capital of the company will increase from CNY 80,000,000 to CNY 90,000,000.

The transaction was approved by the board of directors of the investor in its ninth meeting of the first board of directors and the eighth meeting of the first board of supervisors. The transaction does not need approval from the shareholders.