Shaanxi Longi Leye Photovoltaic Technology Co., Ltd. announced announced that it will receive CNY 1,500,000,000 in its equity round of funding on August 15, 2020. The transaction will involve participation from existing investor, LONGi Green Energy Technology Co., Ltd. (SHSE:601012). Post-closing of the transaction, the investor will continue to retain its 100% stake in the company. Post-closing, the registered capital of the company will increase to CNY 500,000,000. The transaction has been approved at the investor’s fourth extraordinary general meeting of shareholders in 2019. The transaction has been approved by the board of directors of the investor at its twelfth meeting of the fourth directorate in 2020.