Lushan Yuneng Pumped Storage Co., Ltd. announced that it will receive CNY 860,000,000 in an equity round of funding through capital increase from returning investor Henan Yuneng Holdings Co.,Ltd. to retain 100% stake on August 29, 2022. After the completion of this capital increase, the register capital of company will increase from CNY 100,000,000 to CNY 960,000,000. The transaction has been approved at sixth meeting of the eighth session of the board of directors and no need to submit to general meeting of shareholders for deliberation.