Beijing Sobot Technologies Co., Ltd. announced that it receive CNY 68,000,000 in an equity round of funding from Yonyou Network Technology Co., Ltd. (SHSE:600588) on April 29, 2020. The transaction has been approved by the board of directors of Yonyou Network Technology Co., Ltd. (SHSE:600588) in 2nd meeting of the 8th directorate and does not shareholders approval. Post to the closing, the share capital of the company will increase from 10,000,000 shares to 12,017,376 shares, the investor will hold 32.3661% stake in the company.