Dongguan YiDong Technology Co., Ltd. announced a private placement of 90,000,000 units of common shares at a price of CNY 1 per unit for gross proceeds of CNY 90,000,000 on February 26, 2022. The transaction included participation from returning investor YiDong Electronics Technology Co., Ltd through raised IPO funds. The transaction is approved by the first board of directors and the fifth meeting of the first board of supervisors.

Through this transaction the registered capital of the company will increase from CNY 10,000,000 to CNY 100,000,000.