Cloud Live Tech Group (Gaoyou) New Energy Technology Co., Ltd. announced that it will raise CNY 128,000,000 on February 2, 2023. The transaction will include participation from new investors, Tongling New Energy Technology (Gaoyou) Co., Ltd. of CNY 40,000,000 for 22.47% stake, Hainan Lingyi Investment Partnership Enterprise (Limited Partnership) of CNY 38,000,000 for 21.35% stake and returning investor, Cloud Live Technology Group Co.,Ltd. of CNY 50,000,000 for 56.18% stake post completion of the transaction. The company's registered capital will increase from CNY 50,000,000 to CNY 178,000,000. The transaction is expected to close for Investor 2 on December 31, 2023 and Investors 1 and 3 will invest by December 24, 2052. The transaction has been approved by the board of directors of the company.

On February 23, 2023, the company completed the change of business registration of its capital increase.