Hebei Jiantou Guorong Energy Services Co., Ltd. announced that it will receive CNY 800 million in an equity round of funding on January 18, 2023. The transaction will include participation from returning investor, Jointo Energy Investment Co., Ltd. Hebei. The funds raised CNY 800 million of which CNY 577.4619 million will go to the registered capital and the rest CNY 222.5381 million will go to capital reverse.

After the completion of this capital increase, the registered capital will be increased to CNY 747.7119 million and the investor stake will increase from 51% to 88.84% in the company. The transaction has been approved in the eleventh extraordinary meeting of the company's ninth board of directors of the investor.