Changyuan (Shenzhen) New Energy Automobile Industry Phase II Partnership Enterprise announced that it will receive CNY 230,000,000 in an equity round of funding on May 18, 2021. The transaction will include participation from returning investor Changyuan Technology Group Ltd. (SHSE:600525) for CNY 30,000,000, and new investor Zhuhai Geli Venture Capital Co., Ltd. for CNY 200,000,000 to acquire 33.9% stake in the company. Post closing, the subscribed investment amount in the company will increase from CNY 360,000,000 to CNY 590,000,000, and the stake of Changyuan Technology Group Ltd. (SHSE:600525) in the company will change from 99% to 65.49%. The transaction has been approved in the 52nd session of the 7th directorate of Changyuan Technology Group Ltd. (SHSE:600525), and is subject to approval in its shareholders' meeting.