Yonyou (Nanchang) Industrial Base Development Co., Ltd announced a private placement of common shares for gross proceeds of CNY 586,962,500 on January 26, 2022. The transaction will include participation from returning investor Yonyou Network Technology Co.,Ltd. to retain its 100% stake in the company. The transaction has been approved in the 30th session of the investor's 8th directorate and the 21st session of the investor's 8th supervisory board.

Post the transaction, the registered capital of the company will increase from CNY 380,000,000 to CNY 966,962,500.