Pizhou Shoukong Photovoltaic Technology Development Co., Ltd. announced that it will receive CNY 75,600,000 in an equity round of funding on September 28, 2017. The transaction will include participation from new investor, Jilin Power Share Co.,Ltd. (SZSE:000875) for CNY 72,770,000 for 95% stake in the company and one returning investor, Sungrow Power Supply Co., Ltd. (SZSE:300274) for CNY 2,830,000. Post the closing of the transaction, the registered capital of the company will increase from CNY 1,000,000 to CNY 76,600,000.

Post the closing, Sungrow Power Supply Co., Ltd. (SZSE:300274) will hold 5% stake in the company. Post the closing, the investors will hold CNY 72,770,000 and CNY 3,830,000 respectively. The transaction was approved at the Jilin Power Share Co.,Ltd. (SZSE:000875) 18th session of the 7th directorate.