Jade Bird Display (Shanghai) Limited announced that it has entered into capital increase agreement with certain investors to receive CNY 270,000,000 in equity round of funding on June 17, 2021. The company will issue 18.36% stake in the transaction at a post-money valuation of CNY 1,280,000,000. The transaction will include participation from new investors Beijing Beida Jade Bird Universal Sci-Tech Company Limited (SEHK:8095) and Anhui Province Zhongan Overseas Technology Introduction Investment LLP for CNY 100,000,000 each for 6.8% stake each, Huzhou Nuojing Equity Interest Investment LLP for CNY 20,000,000 for 1.36% stake, Shanghai Kaifeng Zhide Chuangye Investment LLP for CNY 30,000,000 for 2.04% stake, SVIC No.45 New Technology Business Investment LLP, a fund managed by Samsung Venture Investment Corporation for CNY 20,000,000 for 1.36% stake. The registered capital will increase by CNY 7,957,393 from CNY 35,366,205 to CNY 43,323,598 and rest will go to capital reserve. The transaction is expected to close by November 30, 2021.