Yiyang Corun New Energy Co., Ltd. announced that it will receive CNY 100,000,000 in an equity round of funding on December 18, 2023. The transaction will include participation from returning investor Hunan Corun New Energy Co., Ltd. for CNY 100,000,000 to retain the majority stake in the company. This has been approved in the 3rd Meeting of the Company?s 8th Directorate.

The registered capital of the company is CNY 150,000,000. The registered capital of the company will increase from CNY 150,000,000 to CNY 250,000,000. The transaction does not need the Shareholders?

Approval.