Yaojie Coal and Electricity Group Corporation announced that it will raise CNY 532,359,120 in an equity funding on December 20, 2023. The transaction will include participation from returning investor, Gansu Energy Chemical Co., Ltd. The transaction has been approved at the 31st session of the company?s 10th directorate and the 20th session of the company?s 10th supervisory board. Upon the completion, the company's registered capital will increase from CNY 551,312,272.47 to CNY 1,083,671,392.47.