Changzhou Liyuan New Energy Technology Co., Ltd. announced that it will receive CNY 42,000,000 in an equity round of funding on July 20, 2021. The transaction will include participation from existing investor JIANGSU LOPAL TECH.CO.,Ltd. for CNY 35,000,000 and Nanjing Chaoli Venture Capital Center for CNY 7,000,000. On closing, the registered capital of the company will increase from CNY 315,000,000 to CNY 357,000,000. The transaction has been approved at the third board of directors and the fifteenth meeting of the third board of supervisors and does not require approval from the investor's shareholders.