Jiangsu Shuodao Energy Technology Co., Ltd announced that it will receive CNY 36 million in a round of funding on October 24, 2022. The transaction will include participation from State Power Rixin Technology Co., Ltd. The transaction has been approved in the 15th meeting of the second board of directors and the 14th meeting of the second board of supervisors. Post completion of the transaction, registered capital of the capital will increase from CNY 50 million to CNY 62.5 million, and company will increase its registered capital by CNY 12.5 million, which will be subscribed by the capital increase party for a total of CNY 36 million, of which CNY 23.5 million is included in the capital reserve.