Shanghai Kuaibu New Energy Technology Co., Ltd announced that it will receive an equity round of funding on September 22, 2021. The transaction will include participation from new investors Fujian Yongfu Power Engineering Co.,Ltd. for CNY 20,000,000 for 6.15% stake in the company, Shanghai Changge Yinsong New Energy Technology Partnership (Limited Partnership) for 4.62% stake and Fuzhou Economic and Technological Development Zone Zhongqing Zhiyuan Equity Investment Partnership for 3.08% stake. The subscribed new registered capital of Fujian Yongfu Power Engineering Co.,Ltd. amounted to CNY 3,571,400 and the remaining CNY 16,428,600 is included in the capital reserve , Shanghai Changge Yinsong New Energy Technology Partnership (Limited Partnership) will subscribe to new registered capital CNY 2,678,600 and Fuzhou Economic and Technological Development Zone Zhongqing Zhiyuan Equity Investment Partnership (Limited Partnership) will subscribe to new registered capital CNY 1,785,700. Post the closing of the transaction, the registered capital will increase from CNY 50,000,000 to CNY 58,035,700. The transaction was approved by the 28th meeting of the second board of directors and the 22nd meeting of the second board of supervisors of Fujian Yongfu Power Engineering Co.,Ltd.