Nanjing Yunji Information Technology Co., Ltd. announced a private placement of CNY 5 million in an equity round of funding on June 29, 2020. The transaction will include participation from returning investors, EmbedWay Technologies (Shanghai) Corporation (SHSE:603496) for CNY 4 million and Jiaxing Rongjiang No. 2 Venture Capital Partnership (Limited Partnership) to CNY 1 million, to increase their stake from 51% to 60.67% and from 15% to 16.67% stake in the company respectively. The transaction has been approved at the the twenty-fourth meeting of the second board of directors of EmbedWay Technologies (Shanghai) Corporation (SHSE:603496). The registered capital of the company will increase from CNY 10 million to CNY 15 million.