Shaanxi Tianyan Energy Technology Co., Ltd. announced that it will receive CNY 3,000,000 in an equity round of funding from new investor, Blivex Energy Technology Co., Ltd on December 16, 2022.The capital increase includes CNY 333,300 will be included in the new registered capital of the company, and the remaining CNY 2,666,700 will be included in the company?s capital reserve as a premium. Post-closing the transaction, the investor will hold 2.91% stake in the company and registered capital of the company will increase from CNY 11,111,100 to CNY 11,444,400. The shareholder meeting of the company has passed a resolution on this capital increase, and the original shareholders have clearly stated in the resolution of the shareholder meeting that they agree to waive the preemptive right to subscribe for this capital increase.