Shenzhen Huachuang Tourism Consulting Management Co., Ltd. announced that it has entered into a capital increase agreement for gross proceeds of CNY 25,000,000 on November 19, 2020. The transaction will include participation from new investor Golden Horse Technology Entertainment Corporation Limited (SZSE:300756) for a 51% stake in the company. Post closing of the transaction, the registered capital of the company will increase from CNY 5,000,000 to CNY 10,204,082 and Zheng Wei, Fang Tingbin, and Mengxin will hold 19.60%, 14.70% , and 14.70% stake in the company respectively.