Beijing EPC Micro Technology announced that it has signed the purchase agreement for the gross proceeds of CNY 2,264,400 on January 16, 2023. The transaction will include participation from Shenzhen Microgate Technology Co., Ltd. for CNY 20,000,000 to subscribe to CNY 2,106,400 registered capital, 9.9256% stake and individual investor Zhang Meirong for CNY 1,500,000 to subscribe to CNY 158,000 registered capital, 0.7444% stake. The company issued common shares in the transaction.

The registered capital of the company will increase from CNY 18,957,900 to CNY 21,222,300. The transaction has been approved in the 36th Meeting of the Company?s 5th Directorate and does not need the Shareholders? Approval.

The company has disclosed the post money valuation of CNY 182,264,400.