YG Energy Internet Industry Development (Hengqin) Co., Ltd. announced that it will receive CNY 20,000,000 in equity round of funding on June 30, 2022. The transaction will include participation from returning investor YGSOFT Inc. for CNY 5,300,000 to retain 51% stake and new investor State Grid E-commerce Co. Ltd. for CNY 14,700,000 and for 49% stake.

Upon the completion of the transaction, the registered capital of the company will increase from CNY 10,000,000 to CNY 30,000,000. The transaction has been approved in the sixteenth meeting of the seventh board of directors.