Sichuan Shenghua Power Technology Co.,Ltd issued common shares for gross proceeds of CNY 44 million on July 28, 2022. The transaction will include participation from returning investor Guangdong Ganhua Science and Industry Co., Ltd. Post closing, the registered capital of the company will increase from CNY 6 million to CNY 50 million. The transaction has been approved at the 17th session of 10th directorate of Guangdong Ganhua Science and Industry Co., Ltd.