Yichang Transportation Group Passenger Transport Co., Ltd. announced that it will receive an equity round of funding through capital increase on November 14, 2022. The transaction included participation from retuning investor Hubei Three Gorges Tourism Group Co., Ltd., new investors Yichang Chengfa to acquire 20% and Yichang Jiaolv to acquire 10%. Post completion of transaction, Hubei Three Gorges Tourism Group Co., Ltd. stake got decrease from 100% to 70%.

After the completion of this transaction, the registered capital of will increase from CNY 50 million to CNY 100 million. The transaction has been approved at Second Extraordinary General Meeting of Shareholders.