Anhui Qianyingzi Power Generation Co., Ltd. announced that it will receive CNY 948 million in an equity round of funding through capital increase on November 29, 2022. The transaction included participation from retuning investors Anhui Hengyuan Coal-Electricity Group Co., Ltd. for CNY 474 million to retain 50% stake and An Hui Wenergy Company Limited for CNY 474 million to retain 50% stake in the company. After the capital increase is completed, the registered capital of company will increase from CNY 624 million to CNY 1,572 million.

The transaction has been reviewed and approved at twenty-fourth meeting of the seventh board of directors, and does not need to be submitted to the company's shareholders meeting for consideration.