Shanghai Shangyingledian Internet Financial Information Service Co., Ltd announced that it will receive CNY 100,000,000 in an equity round of funding on January 11, 2018. The transaction will involve participation from S. Culture International Holdings Limited (SEHK:1255) for CNY 58,900,000, Shangying Holding Group Co., Ltd. for 10,000,000, Luo Jun and Fan Yaoyao for 5,550,000 each, and existing shareholder Shangying Global Co., Ltd. (SHSE:600146) for CNY 20,000,000. On closing, the investors will hold 58.9%, 10%, 5.55%, 5.55%, and 20% stakes in the company respectively.

Pursuant to the transaction; the registered capital of the company will increase from CNY 50,000,000 to CNY 150,000,000. The transaction was approved at the 10th Extraordinary Meeting of the 7th Directorate and 9th Extraordinary Meeting of the 7th Supervisory Board of Shangying Global Co., Ltd. (SHSE:600146). The transaction is not subject to approval from the shareholders of Shangying Global Co., Ltd. (SHSE:600146).