Yancheng Yueda Low Carbon Technology Development Co., Ltd. announced that it will raise CNY250,000,000 in an equity round of funding on December 1, 2023. The transaction involved participation from returning investor Jiangsu Yueda Investment Co., Ltd. The company's registered capital will increase from CNY 50,000,000 to CNY 300,000,000. The transaction has been approved in the 28th Meeting of the Company?s 11th Directorate held on December 1, 2023, and does not need the Shareholders?

Approval.