Zhuhai Dachuang Electronics Co., Ltd. announced that it will receive CNY 100 million in an equity round of funding through capital increase from retuning investor Guangzhou Fangbang Electronics Co.,Ltd to retain 100% stake in the company on December 15, 2022. The transaction has been approved at twelfth meeting of the third board of directors and does not need to be submitted to the general meeting of shareholders for consideration. After the completion of this capital increase, the registered capital of company will be increased from CNY 100 million to CNY 200 million.