Luzhou Xinglu Environment Group Co., Ltd. announced that it will issue common shares for gross proceeds of CNY 307.277434 million on December 29, 2022. The transaction will include participation from Chongqing Derun Environment Co., Ltd. will invest CNY 61.455487 million and Chongqing Sanfeng Environment Group Corp., Ltd. will invest CNY 245.821947 million. The transaction has been approved at the eleventh meeting of the second board of directors.