YLZ Information Technology Co., Ltd announced that it has signed purchase agreement to issue equity for an aggregate gross proceeds of CNY 50 million on October 31, 2022. The transaction included participation from Shanghai Yunxin Venture Capital Co., Ltd. Out of CNY 50 million, RMB 1,851,852 shall be included in the registered capital and the remaining portion of RMB 48,148,148 shall be included in the capital reserve.