Haining Hongyun New Energy Co., Ltd. announced that it will receive CNY 40,000,000 in equity funding from new investor Jilin Power Share Co.,Ltd. (SZSE:000875) on February 23, 2017. Investor shall acquire 80% stake in the company through this transaction. The company’s registered capital will increase from CNY 10,000,000 to CNY 50,000,000. The transaction has been approved at 9th session of the 7th directorate of the investor and does not require the approval from its shareholders.