Taiyuan Jingfeng Railway Electrical Equipment Manufacturing Co., Ltd. announced that it will raise CNY 218,628,800 in an equity funding on November 6, 2023. The transaction will included participation from new investors, China Railway Harbin Group of Technology Corporation will invest CNY 13,664,300 of which CNY 605,000 will go to registered capital for 0.51% stake, Daqin Railway Co., Ltd. will invest CNY 91,550,810 of which CNY 4,053,500 will go to registered capital for 3.42% stake, China Railway Design Corporation will invest CNY 13,664,300 of which CNY 605,000 will go to registered capital for 0.51% stake and other investors will invest CNY 99,749,390 of which CNY 4,416,500 will go to registered capital for 3.72% stake. Upon the closing of the transaction, the company's registered capital will increase from CNY 108,900,000 to CNY 118,580,000.

The transaction has been approved at the 27th Meeting of the Company?s 1st Directorate and the 13th Meeting of the 1st Supervisory Board.