Xiamen Ansheng Network Technology Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 40,000,000 on June 20, 2022. The transaction included participation from returning investors Xiamen Meiya Pico Information Co.,LTD. for CNY 30,000,000 to retain its 75% stake in the company, and Xiamen Ju'en Information Consulting Partnership Enterprise (Limited Partnership) for CNY 10,000,000 to retain its 25% stake in the company. Post closing, the registered capital of the company will increase from CNY 10,000,000 to CNY 50,000,000.

The transaction has been approved at the 10th meeting of 5th directorate and 9th meeting of the 5th board of supervisors of Xiamen Meiya Pico Information Co.,LTD.