Guangdong Kexin Network Technology Co., Ltd. announced that it would receive not more than CNY 250,000,000 in an equity round of funding from returning investor Shenzhen Kexin Communication Technologies Co.,Ltd (SZSE:300565) on August 26, 2020. The investor will continue to hold 100% stake in the company after completion of the transaction. The transaction has been approved in the 4th meeting of 2020 of the company’s 3rd directorate and does not need its shareholders’ approval.