Foshan Huahaoneng Energy Investment Co., Ltd announced that it will receive CNY 92,000,000 in an equity round of funding on August 20, 2020. The transaction included participation from returning investor Foran Energy Group Co., Ltd. (SZSE:002911). On closing, the investor retains its 100% stake in the company. Post-closing, the registered capital of the company will increase from CNY 8,000,000 to CNY 100,000,000. The transaction was approved by the board of directors of Foran Energy Group Co., Ltd. (SZSE:002911) in its 39th meeting of the fourth board of directors and does not need to be submitted to the company's shareholders meeting.