Hunan Laimu Electronics Co., Ltd. announced that it will receive CNY 25 million in an equity round of funding from returning investor Shanghai Laimu Electronics Co.,Ltd (SHSE:603633) on August 12, 2020. Post closing of the transaction, the investor will hold 98.33% stake in the company directly and 1.67% indirectly and the registered capital of the company will increase from CNY 5 million to CNY 30 million. The transaction has been approved by the board of directors of the investor and is not subject to its shareholder's approval. The transaction is subject to the approval of the administrative department for industry and commerce.