Guangzhou Shengxin Technology Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 141.57 million on January 27, 2022. The transaction will include participation from returning investor Bingo Software Co., Ltd. to retain its 100% stake in the company. The transaction has been approved in the first meeting of the third board of directors and the first meeting of the third board of supervisors of the investor.

Post the transaction, the registered capital of the company will increase from CNY 140 million to CNY 281.57 million.