Beijing Longwei Power Generation Technology Co., Ltd. announced that it has entered into an agreement with new investor, China Energy Investment Corporation Limited for CNY 1,474,662,400 and returning investor, China Longyuan Power Group Corporation Limited for CNY 631,998,172, for aggregate proceeds of CNY 2,106,660,572 in equity funding on June 16, 2021. The transaction is subject to Guodian Technology & Environment Group Corporation Limited's shareholders' approval at the EGM, and approvals of relevant state owned assets regulatory authority in the People’s Republic of China, the completion of the filing of the valuation report with the relevant state-owned assets in the regulatory authority in the People’s Republic of China, the approval by the board of directors of China Energy Investment Corporation Limited and China Longyuan Power Group Corporation Limited and the approval by the shareholders of the company at its shareholders' meeting, and the supplemental agreement having become unconditional. The notice of the EGM of Guodian Technology & Environment Group Corporation Limited is expected to be dispatched to the shareholders on or before July 8, 2021. The amounts by investors shall be satisfied in cash within 30 days after the effective date of the agreement, being the date after all approvals will be received. After equity transfer completion, China Energy Investment Corporation Limited will hold 15.68% stake in the company which is before the capital increase of CNY 1,474,662,400. Post-closing of the equity transfer and capital injection, Guodian Technology & Environment Group Corporation Limited will hold 30% stake, China Energy Investment Corporation Limited will hold 40% stake and China Longyuan Power Group Corporation Limited will hold 30% stake in the company.