Shanghai Yadao New Energy Technology Co., Ltd. announced that it will receive CNY 91,000,000 in an equity round of funding on April 12, 2024. The transaction will include participation from returning investor Shang Hai Ya Tong Co.,Ltd. to retain the majority stake in the company. The registered capital of the company will increase from CNY 19,000,000 to CNY 110,000,000.

This has been approved in the 28th Meeting of the Company?s 10th Directorate, and does not need the Shareholders? Approval.