Dongfang Electric Group Science and Technology Research Institute Co., Ltd. announced that it will raise CNY 103 million in an equity round of funding on October 30, 2023. The transaction will include participation from retuning investors, Dongfang Electric Corporation Limited for CNY 94.7085 million and Dongfang Electronics Co., Ltd. for CNY 8.2915 million. Both investors will maintain the same stake in the company post completion of the transaction.

The transaction has been reviewed and approved at the 31st meeting of the tenth board of directors of Dongfang Electric Corporation Limited.