Inner Mongolia Younike Material Technology Co., Ltd. announced that it has signed an agreement to receive $20,000,000 (CNY 131,296,000) in an equity round of funding on July 5, 2021. The transaction will include participation from returning investor Rianlon Corporation, individual investor Wang Yansong for CNY 23,370,000, Liu Jingfeng, Xu Shibo, Cheng Xianmin, Hu Qing for CNY 37,800,000 each. Post the transaction Rianlon Corporation will have 34% stake in the company, Wang Yansong will hold 21.02% stake, Liu Jingfeng 26.53% stake, Xu Shibo for 9% stake, Cheng Xianmin for 4.95% stake, and Hu Qing will hold 4.50% stake in the company. On closing, the registered capital of the company will increase from CNY 50,000,000 to CNY 111,170,000.