Foran Energy Group Co., Ltd. announced that it will receive CNY 8 million in an equity round of funding through capital increase from retuning investorForan Energy Group Co., Ltd. to retain 100% stake in the company on December 29, 2022. The transaction has been approved at 40th meeting of the fifth board of directors and the 23rd meeting of the fifth board of supervisors. After the capital increase, the registered capital of company increased from CNY 244.02 million to CNY 252.02 million.