Xi'an Meineng Huike Smart Energy Co., Ltd. announced a private placement to raise CNY 200,000,000 in a round of funding on July 7, 2023. The transaction will include participation from returning investor Shaanxi Meineng Clean Energy Corp.,Ltd. for CNY 200,000,000. The company will issue common shares in the transaction.

The registered capital will of the will increase from CNY 10,000,000 to CNY 210,000,000. The transaction has been approved in the 3rd Meeting of the Company?s 3rd Directorate and the 3rd Meeting of the 3rd Supervisory Board, and are subject to the Shareholders? Approval.