Shanggao Ganneng New Energy Co., Ltd. announced that it has raised CNY 128,000,000 in an equity funding on July 19, 2023. The transaction will include participation from returning investor to retain the majority stake for CNY 125,000,000. The registered capital of the company will increase from CNY 3,000,000 to CNY 128,000,000.

This has been approved in the company?s board of directors during its third extraordinary board meeting of year 2023. The transaction was approved by the board of directors of the company.