Panjiang New Energy Power Generation (Panzhou) Co., Ltd. announced that it will receive CNY 62 million in equity round of funding on July 31, 2023. The transaction included the participation from existing investor Guizhou Panjiang Refined Coal Co.,Ltd., and will retain its 100% stake in the company. The registered capital of the company is CNY 87 million and After the capital increase, the registered capital will increase to CNY 74 million. The transaction has been approved at the second interim meeting of the sixth session of the board of directors. The company has raised total CNY 306.1 million funding till date.

On Same date , the company held transaction has been approved by the third interim meeting of the company's sixth board of directors and does not need to be submitted to the general meeting of shareholders for consideration.