Xiamen YLZ Yihui Technology Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 27,000,000 on June 3, 2021. The transaction will involve participation from existing investor, YLZ Information Technology Co., Ltd. Out of the total amount, the company will receive CNY 9,000,000 in its registered capital and CNY 18,000,000 in its capital reserve. Post-closing of the transaction, the investor will retain changing from 65% to 56.5217% of the stake in the company.

The transaction has 36th session of the 4th directorate and the 29th session of the 4th supervisory board of the investor.