Beijing Moxin International Energy Investment Co., Ltd announced that it will receive CNY 120,000,000 in equity funding from existing investor Shandong Xinchao Energy Corporation Limited (SHSE:600777) on January 11, 2017. The company’s registered capital will increase from CNY 30,000,000 to CNY 150,000,000. Pursuant to the transaction, the investor shall continue to hold 100% stake in the company. The transaction has been approved at 41st session of 9th directorate of the investor.