Shanghai DS Information Technology Co., Ltd. announced that it will receive CNY 635,673,100 in an equity round of funding on February 1, 2024. The transaction will include participation from returning investor WuHan Yangtze Communication Industry GroupCo.,Ltd to retain the majority stake in the company. The company will add CNY 634,900,000 to the registered capital, and the remaining funds will be added to capital reserve.

The registered capital will increase from CNY 132,100,000 to CNY 767,000,000. This has been approved in the 9th directorate during its 23rd meeting and 9th supervisory board during its 16th meeting of the investor's company. The transaction requires approval by shareholders?

meeting of the WuHan Yangtze Communication Industry GroupCo.,Ltd.