Fulongma CITIBOT Technology Co., Ltd. announced that it will receive CNY 30,000,000 in an equity round of funding on August 23, 2023. The transaction will include participation from returning investors, FULONGMA GROUP Co.,Ltd. for CNY 13 million reducing its stake from 71.430% to 63% and ESOP Jiujun Equity Investment (Longyan) Partnership Enterprise (Limited Partnership) for CNY 17,000,000 increasing its stake from 28.570% to 37%. Through the transaction, the company's registered capital will increase from CNY 70,000,000 to CNY 100,000,000.

The transaction has been approved at the 6th meeting of FULONGMA GROUP Co.,Ltd.'s 6th directorate and the 6th meeting of the 6th supervisory board and does not need the shareholders? approval.