Shenzhen Baoan Institute of Architectural Design Co., Ltd. announced that it will receive CNY 12,596,922 in an equity round of funding on October 15, 2021. The transaction will include participation from new investor Shenzhen Urban Transport Planning Center Co., Ltd. for CNY 11,992,500 to acquire 45% stake and management level and core employee of the company for CNY 3,997,500 to acquire 15% stake in the company. The transaction has been approved at the 14th session of the Shenzhen Urban Transport Planning Center Co., Ltd.'s 1st directorate meeting.

The registered capital will increase from CNY 10,660,000 to CNY 26,650,000.