Beijing Jangho Smart Photovoltaic Building Co., Ltd. announced a private placement of CNY 400 million in an equity round of funding on May 10, 2022. The transaction include participation from returning investor Jangho Group Co., Ltd. for CNY 150 million and new investor Beijing Jangho Curtain Wall System Engineering Co., Ltd. for CNY 250 million each for 50% stake in the company after completion of the transaction. The company will use CNY 200 million for registered capital and rest for capital reserve.

The transaction was approved by the investor, Jangho Group Co., Ltd. in its 3rd Session of the 6th Board of Directors. The company's registered capital will increase from CNY 100 million to CNY 300 million after completion of the transaction.