Xinjiang Guangdong Hydropower Energy Co., Ltd. announced that it will receive CNY 400 million in equity round of funding on August 27, 2020. The transaction will include participation from existing investor Guangdong No.2 Hydropower Engineering Company, Ltd. (SZSE:002060) to retain its 100% stake. Upon closing, the registered capital of the company will increase from CNY 500 million to CNY 900 million. The transaction has been approved in the seventh meeting of 7th board of directors of the company. The transaction is subject to approval from the shareholders of the company.