Boweitong (Xiamen) Technology Co., Ltd. announced that it signed capital increase agreement to receive CNY 74,348,400 on June 9, 2017. The transaction will include participation from Boomsense Technology Co.,Ltd. (SZSE:300312) to acquire 20.286% stake in the company after the transaction. The registered capital of the company will increase from CNY 120,000,000 to CNY 150,538,000. The amount of CNY 30,538,000 will be added to the registered capital and remaining to the capital reserve. The transaction was approved at the 8th meeting of the 3rd directorate and 7th meeting of the 3rd supervisory board of the investor and is also subject to its shareholders’ approval. The company reported total assets of CNY 254,595,833.50, total liabilities of CNY 72,596,874, net assets of CNY 59,194,698.86, operating revenue of CNY 0, and net loss of CNY 1,040.50 for the year ended December 31, 2016.