Zhechu Energy Group Co., Ltd. announced that it will receive CNY 227,907,000 in an equity round of funding on March 6, 2024. The transaction include the participation from returning investor China Bester Group Telecom Co., Ltd., hold 43% stake in the company. The company's registered capital is CNY 21,428,600 and the remainder will be included in the capital reserve.

The transaction has been approved at the 30th session of the company?s 3rd directorate and the 24th session of the company?s 3rd supervisory board, needs to be approved by the company?s shareholders? meeting.