Shenzhen Yangyun Technology Co., Ltd announced a private placement of common shares for gross proceeds of CNY 255,000,000 on November 30, 2018. The transaction will include participation from the returning investor Xinjiang Yilu Wanyuan Industrial Investment Holding Co., Ltd. Post closing, the investor will continue to maintain its 100% stake in the company. After completion of the transaction, the registered capital of the company will increase from CNY 5,00,000 to CNY 260,000,000. The transaction has been approved by the board of directors of the investor in its 4th session of the 7th directorate.