Guangdong Guoneng Longyuan New Energy Co., Ltd. announced that it will receive CNY 160 million in an equity round of funding through capital increase from retuning investors China Longyuan Power Group Corporation Limited (CNY 81.6 million) to retain 51% stake and China Energy Investment Corporation Limited (CNY 78.4 million) to retain 49% stake in the company on December 30, 2022. The transaction has been approved at 10th meeting of the fifth session of the board of directors, and still needs to be submitted to the China Longyuan Power Group Corporation Limited shareholders' meeting for review. After the completion of this capital increase, the capital of company will total CNY 580 million.