Beijing Guoxin Xinwang Communication Technology Co., Ltd. announced that it has signed an investment agreement and will receive CNY 14,160,300 in an equity round of funding on January 18, 2016. The transaction will include participation from new investors, Sinodata Co., Ltd. for CNY 5,600,000 out of which CNY 5,062,600 will be added to the registered capital to acquire 28% in the company, Range Technology Development Co., Ltd for CNY 2,712,100 for 15% stake, SinoInfoSec (Beijing) Technology Co., Ltd. for CNY 1,988,900 for 11% stake, Beijing Zhongke Zhaoyue Technology Development Co., Ltd. for CNY 1,265,700 for 7% stake, Beijing Guoxin Jinze Investment Center (Limited Partnership) for CNY 1,808,100 for 10% stake, and existing investor, The State Information Center for CNY 785,500 out of which CNY 484,876 will be added to the registered capital. Upon closing of the transaction, The State Information Center's stake will dilute from 100% to 29%.

The transaction is not subject to directorate and shareholders' approval from Sinodata Co., Ltd. The company reported total assets of CNY 2,438,585.91, total liabilities of CNY 1,392,260.37, net assets of CNY 1,046,325.54, operating revenue of CNY 8,630,796.01, total profit of CNY 352,818.56, and net profit of CNY 255,170.65 for the year ending December 31, 2015. The company registered capital will increase to CNY 18,086,600.