Foshan Real-Design IoT Technology Co., Ltd announced that it will raise a gross proceed of CNY 10 million on September 7, 2022. The transaction will include participation from existing investor, Guangdong Real-Design Intelligent Technology Co., Ltd. with 90% stake on the completion of transaction. The registered capital of the company will increase from CNY 5 million to CNY 15 million.The transaction has been approved by The twentieth meeting of the third board of directors and the nineteenth meeting of the third board of supervisors.