Shanghai Yizhu Intelligent Technology Co., Ltd. announced that it will receive equity funding of CNY 50 million on April 29, 2024. The transaction include participation from returning investor Maxvision Technology Corp., for 3.4247% stake. The transaction has been approved in the 17th meeting of the third board of directors with 7 votes in favor, 0 votes against, and 0 abstentions.

According to the relevant provisions of the Shenzhen Stock Exchange Listing Rules and the Company's Articles of Association, this transaction is within the review authority of the Board of Directors and does not need to be submitted to the shareholders' meeting for review.