Sichuan Hexiang Environmental Protection Technology Co., Ltd. announced that it will receive CNY 103.64 million in an equity round of funding from returning investor New DaZheng Property Group Co., LTD on October 26, 2022. After the completion of this capital increase, the registered capital of the company will be changed to CNY 156.56 million yuan, and the company will still hold 100% of its shares. The transaction has been approved by board of directors of the investor in its 15th meeting of the 2nd Board of Directors and the 15th meeting of the 2nd Board of Supervisors.

This change is not a change in the use of raised funds and does not need to be submitted to the company's general meeting of shareholders for consideration.