Yunhong International announced a private placement of an unsecured promissory note for gross proceeds of $690,000 on August 13, 2021. The transaction included participation from existing investor, Ares Motor Works, Inc. The note bears no interest. The principal balance of the Note shall be due and payable in accordance with its terms on or before November 18, 2021. The issuance of the Note was made pursuant to the exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.