Guangzhou Hoperun Yineng Software Technology Co., Ltd. announced that it will receive CNY 44,000,000 in a equity round of funding on March 27, 2024. Each registered capital unit in the capital increase will be priced at CNY 1.10. The transaction will include participation from new investor Southern Power Grid Digital Grid Research Institute Co.,Ltd for CNY 18,700,000 for 34% stake, out of which CNY 17,000,000 is included in the registered capital, returning investor Jiangsu Hoperun Software Co., Ltd. for CNY 17,710,000, will hold 46.2% stake, out of which CNY 16,100,000 is included in the registered capital, and returning individual investor for 7,590,000, will hold 19.8% stake.

out of which CNY 6,900,000 yuan is included in the registered capital. Out of the total funds, CNY 40,000,000 will be added to the registered capital. This has been approved in the eighth meeting of the seventh board of directors of the Jiangsu Hoperun Software Co., Ltd.'s meeting.

The transaction has been reviewed and approved. The investors agreed that the capital will be paid in two installments in principle, with each tranche accounting for 50% of the capital increase. Within 30 natural days after the completion of the change in business registration, the investors shall pay the first phase of capital increase; and within 120 natural days after the completion of the industrial and commercial change, the investors shall pay the second phase of capital increase.