Suzhou Wuai Yida Internet of Things Co., Ltd. signed capital increase agreement to receive CNY 16,363,636 in funding on August 10, 2021. The transaction will include participation from new investor Sanchuan Wisdom Technology Co., Ltd. which will acquire 12% stake. The post-valuation of the company would be CNY 100,000,000, wherein CNY 1,234,450 will go to registered capital, and its registered capital will increase from CNY 9,052,632 to CNY 10,287,082. Within 10 working days after the agreement signing, investor will pay CNY 6,818,182. Within 10 working days after companys smart water meter chip products pass Sanchuan Smart Watchs test, investor will pay CNY 9,545,454. This has been approved in the 15th meeting of the investors 6th directorate and does not need the shareholders approval.