Electronic Soul Interactive Technology (Hong Kong) Co., Ltd. announced that it will receive $10 million in an equity round of funding through capital increase from retuning investor Hangzhou Electronic Soul Network Technology Co., Ltd. to retain 100% stake in the company on February 14, 2023. After the completion of this capital increase, the registered capital of company will be changed from $20 million to $30 million. The transaction has been approved at 14th meeting of the fourth board of directors.

This capital increase involves overseas investment, which still needs to be filed or approved by relevant departments.