Chengdu Xingrong Recyclable Energy announced that it will receive CNY 552 million in equity funding on August 12, 2020. The transaction will include participation from existing investor Chengdu Xingrong Environment Co., Ltd. (SZSE:000598) which will continue to hold 100% stake. The registered capital of the company will increase to CNY 1,478.96 million after capital increase. The transaction has been approved by second meeting of the ninth directorate of the investor.