Beijing Horizon E-Lab Co.,Ltd. announced that it will receive CNY 80,000,000 in equity round of funding on March 15, 2024. The transaction include the participation from returning investor Beijing Dataway Horizon Co.,Ltd., hold 100% stake in the company. Out of the total proceeds raised, CNY 10,000,000 will go to registered capital and CNY 70,000,000 will go to capital reserve of the company.

Post the closing, the company's registered capital is increase from CNY 45,000,000 to CNY 55,000,000. The transaction has been approved at the12th meeting of the 3rd board of directors and 12th meeting of the 3rd board of supervisors and still required to be submitted to the company?s shareholders? meeting for review.