Leshan Wangyuan Construction Engineering Co., Ltd. announced a private placement of common shares for the gross proceeds of CNY 38 million in a round of funding on August 20, 2020. The transaction will include participation from existing investor Leshan Electric Power Co., Ltd. (SHSE:600644). Post completion of transaction, the investor will retain 100% in the company and registered capital of the company will increase from CNY 12 million to CNY 50 million. the transaction has been approved at fourth meeting of the ninth board of directors.