Yonyou International Holdings Co.,Ltd. announced a private placement of 30,000 shares issued at a price of CNY 3518 ($200) per share for gross proceeds of CNY 105,540,000 ($15,000,000) on November 25, 2019. The transaction will include participation from returning investor Yonyou Network Technology Co., Ltd. (SHSE:600588). Post-closing, the registered capital of the company will increase from CNY 63,183,280 ($8,980,000) to CNY 168,723,280 ($23,980,000) and investor will retain 100% stake in the company. The transaction has been approved at the 44th meeting of the 7th directorate of the investor and does not need approval from its shareholders.