Shanghai Koal Safety Technology Co., Ltd. announced that it will receive CNY 5 million in an equity round of funding on September 11, 2020. The transaction will include participation from returning investor Koal Software Co., Ltd. (SHSE:603232). Pursuant to the transaction, the registered will be increased from CNY 50 million to CNY 55 million. The transaction has been approved by twelfth meeting of the seventh board of directors and the ninth meeting of the seventh board of supervisors and does not need general meeting of shareholders.