Zhejiang Tonglian Dawei Data Technology Co., Ltd. announced that it will receive CNY 60,00,000 in an equity round of funding on May 24, 2021. The transaction included participation from from returning investor Shanghai Xintonglian Packaging Co., Ltd. (SHSE:603022) to retain its 100% stake in the company. Post closing of the transaction, the capital of the company will increase from from CNY 10,000,000 to CNY 70,000,000. The transaction has been approved in the 21st Meeting of the Company’s 3rd Directorate and does not require its shareholders approval.