Shanghai Yatong Property Development Co., Ltd. announced that it will receive CNY 145,000,000 in an equity round of funding on September 14, 2023. The transaction will include participation from returning investor Shang Hai Ya Tong Co.,Ltd. After the completion of the transaction, the registered capital of the company will increase from CNY 50,080,000 to CNY 195,080,000. The transaction has been approved at the 22nd meeting of the 10th board of directors of Shang Hai Ya Tong Co.,Ltd. The transaction is subject to approval from authority of the Shang Hai Ya Tong Co.,Ltd.'s board of directors and shareholders' meeting.

The transaction is also subject to approval from relevant departments such as state-owned assets supervision and administration.