Loudi Tanyuan New Energy Technology Co., Ltd. announced that it will receive CNY 47 million in equity round of funding on April 26, 2023. The transaction will include participation from returning investor Tanyuan Technology Co.,Ltd, currently owns 100% stake in the company. After the completion of the transaction, the registered capital of the company will increase from CNY 3 million to CNY 47 million.

The transaction has been approved in the fifth meeting of the fourth directorate and does not need the shareholders' approval.