Jiangsu Datang International Lvsigang Power Generation Co Ltd entered into the capital Increase agreement for gross proceeds of CNY 189,957,800 on November 25, 2022. The transaction will included participation from returning investors Datang International Power Generation Co., Ltd. for CNY 104,476,790 to retain 55% stake, Datang Jiangsu Power Generation Co., Ltd. for CNY 66,485,230 to retain 35% stake, and Nantong State-owned Assets Investment Holding Co.,ltd. for CNY 18,995,780 to retain 10% stake in the company. The company will receive funding in multiple tranches.

After the completion of transaction registered capital of company shall increase from CNY 1,050,182,200 to CNY 1,240,140,000. The company will receive first tranche of CNY 24,000,000 of which Datang International Power Generation Co., Ltd. will pay CNY 13,200,000, Datang Jiangsu Power Generation Co., Ltd. will pay CNY 8,400,000, and Nantong State-owned Assets Investment Holding Co.,ltd. will pay CNY 2,400,000 in full in one lump sum within 10 business days upon all the conditions precedent under the capital increase agreement have been satisfied. The transaction has been approved by the first meeting of the eleventh session of the board, and subject to approval of general meeting of Jiangsu Datang International Lvsigang Power Generation Co., Ltd.