Hubei Yihua Group Finance Co., Ltd. announced a private placement of gross proceeds for CNY 500,000,000 on July 20, 2023. The transaction included the participation from existing investors Hubei Yihua Group Limited Liability Company for CNY 400,000,000, Hubei An 30 Logistics Co., Ltd. for CNY 50,000,000 and Hubei Shuanghuan Science and Technology Stock Co.,Ltd for CNY 50,000,000. On closing, the investors will continue to retain their 80%, 10%, and 10% stake in the company respectively.

The registered capital in current and after is CNY 500,000,000 and CNY 1,000,000,000 respectively. The company held the transaction has been approved at the twenty-fourth meeting of the tenth board of directors.