Hunan Wasion Information Technology Company Limited announced that it has entered into investment agreements to receive CNY 100,440,000 in equity funding on January 12, 2017. The transaction will include participation from new investors and directors Ji Wei, who will invest CNY 66,960,000 to subscribe for CNY 26,680,000 worth registered capital for a 6% stake and Kat Chit, who will invest CNY 33,480,000 to subscribe for CNY 13,340,000 worth registered capital for a 3% stake in the company. Of the total amount, CNY 40,020,000 will be contributed to the capital and the balance of CNY 60,420,000 will be contributed to capital reserve. The transaction is subject to shareholders' approval.