Anyang Zhaohui New Energy Co., Ltd. announced that it will receive CNY 42,100,000 in an equity round of funding on September 28,2017. The transaction will include participation from one new investor, Jilin Power Share Co.,Ltd. (SZSE:000875) for CNY 30,170,000 for 70% stake in the company and one returning investor, Sungrow Power Supply Co., Ltd. (SZSE:300274) for CNY 11,930,000. Post the closing of the transaction, the registered capital of the company will increase from CNY 1,000,000 to CNY 43,100,000.

Post the closing, Sungrow Power Supply Co., Ltd. (SZSE:300274) stake will decrease to 30%. Post the closing the investment amount of the investors will be CNY 30,170,000 and CNY 12,930,000 respectively. The transaction was approved at the Jilin Power Share Co.,Ltd. (SZSE:000875) 18th session of the 7th directorate.