Hefei Gotion Hi-Tech Power Energy Co., Ltd. announced that it expects to receive CNY 5,056,644,600 in funding from Gotion High-tech Co.,Ltd. on August 25, 2022. The company will issue common shares in the transaction. Out of the entire amount raised, 5,000,000,000 will be included in the registered capital of the company and CNY 56,644,600 will be included in its capital reserve.

Post-closing of the transaction, the registered capital of the company will increase from CNY 1,000,000,000 to CNY 6,000,000,000. The transaction was approved by the 19th meeting of the 8th board of directors and the 20th meeting of the 8th board of supervisors of the company.