Sichuan Tianshengyuan Environmental Services Co., Ltd. announced that it will issue 9,705,883 common shares at a price of CNY 7.93 per share for gross proceeds of CNY 76,967,652,190 in a round of funding on April 12, 2022. The transaction will include participation from existing investor Beijing SPC Environment Protection Tech Co., Ltd. The company has signed a share subscription agreement with the investor. Post-completion of the transaction, the investor will increase its stake from 49% to 60%.

Pursuant to the transaction, the registered capital of the company will increase from CNY 35,294,117 to CNY 45,000,000. The transaction has been approved at the 24th meeting of 5th board of directors.