Yinfu Gold Corporation announced a private placement that it will issue 120,000,000 shares of its common stock at a price of $0.001 per share for the aggregate gross proceeds of $120,000 on February 10, 2023. The transaction will include participation from individual investors, Bo Shaorong, Chen Qiang, Wang Xian, Liu Leigang, Sun Ming, Bai Chengwei and LAI, Hai Ying. The transaction has been approved by board of the directors of the company.