Beijing Micro Oak Technology Co., Ltd. announced that it has entered into capital increase agreement received to issue common stock for proceeds of CNY 30,000,000 on April 14, 2022. The round will include participation from Astro-century Education&Technology Co.,Ltd. The transaction has been approved at the 11th meeting of the investor's third board of directors, and does not need to be submitted to the general meeting of shareholders for deliberation. Of the total, CNY 2,227,746 will go to registered capital of the company and the rest is included in the capital reserve.

Post the transaction, the registered capital will be CNY 8,539,693, and the investor will hold 26.0870% of stake in the company. The transaction is expected to close in 30 days from issuance.