Ningbo Yonggang Logistics Co., Ltd. announced that it will receive CNY 2,278,200 in a round of funding on August 21, 2023. The transaction will include participation from returning investor Yongtaiyun Chemical Logistics Co.,Ltd to own its 100% stake. The company's registered capital is CNY 1,000,000 and CNY 1,278,200 will be added as capital reserve.

On closing, the registered capital of the company will increase from CNY 10,000,000 to CNY 11,000,000. The transaction has been approved at the 14th session of the company?s 2nd directorate and the 11th session of the company?s 2nd supervisory board.