Yonyou (Nanchang) Industrial Base Development Co., Ltd announced that it will receive CNY 300 million in funding on September 23, 2021. The transaction will include participation from existing investor Yonyou Network Technology Co.,Ltd. which will retain 100% stake in the company and increase its registered capital from CNY 80 million to CNY 380 million. The twenty-sixth meeting of the eighth session of the investor's board of directors deliberated and approved the transaction.

This transaction does not constitute a connected transaction, this transaction does not constitute a major asset reorganization, and this transaction does not need to be submitted to the investor's general meeting of shareholders for deliberation.