Tianjin Zhenjiang New Energy Technology Co., Ltd. announced that it will issue common shares for gross proceeds of CNY 90 million on August 18, 2023. The transaction will include participation from returning investor, JiangSu Zhenjiang New Energy Equipment Co., Ltd. The transaction has been approved at the 24th meeting of the third board of directors. The company's registered capital will increase from CNY 60 million to CNY 150 million.