Beijing Haidian Technology Financial Capital Holding Group Co., Ltd. announced that it will receive CNY 350,000,000 in funding from Teamax Smart City Technology Corporation Limited (SZSE:000662) on December 17, 2018. The company will increase capital through the transaction. The transaction has been approved by 43rd meeting of the 8th directorate of the investor. The transaction is subject to first extraordinary general meeting of shareholders of investor in 2019.