Shenzhen Increase Intelligent Manufacturing Co., Ltd. announced a placement of common shares for gross proceeds of CNY 25 million on September 14, 2023. The transaction will include participation from returning investor, Shenzhen Increase Technology Co., Ltd. along with new individual investors, CHO Sunghwan for CNY 7 million for 20% stake, PARK Euna for CNY 3.5 million for 10% stake and Li Yu for CNY 1.750 million for 5% stake. After the transaction, Shenzhen Increase Technology Co., Ltd.'s stake will be 65%.

After the transaction, the registered capital of the company will increase from CNY 10 million to CNY 35 million. The transaction has been approved at the 14th meeting of the third board of directors of Shenzhen Increase Technology Co., Ltd. and does not need to be submitted to the company's general meeting of shareholders.