Zhejiang Hengxin Electric Power Co., Ltd. announced that it will receive CNY 100,070,420.540 in an equity round of funding on January 16, 2024. The transaction will include participation from returning investor, Hengsheng Energy Co., Ltd. The company's registered capital will increase from CNY 192,929,579.460 to CNY 293,000,000 post-completion of the transaction. The transaction has been approved at the sixth meeting of Hengsheng Energy Co., Ltd's third directorate, and does not need the shareholders?

approval.