Beijing Nengke Ruiyuan Digital Technology Co., Ltd. announced that it will receive CNY 40,000,000 in an equity round of funding on December 13, 2017. The transaction will include participation from returning investor, Nancal Energy-Saving Technology Co., Ltd. (SHSE:603859) for CNY 28,000,000, out of which, CNY 7,00,000 will go the registered capital and CNY 2,10,000 will go to the capital reserve, and new investor, Ningbo Meishan Bonded Port Area Chuangzu Bay Investment Management Partnership Enterprise (LP) for 10% stake for CNY 12,000,000, out of which CNY 3,000,000 will go the registered capital and CNY 9,000,000 will go the capital reserve of the company. Post the closing of the transaction, the registered capital of the company will increase from CNY 20,000,000 to CNY 30,000,000. The transaction has been approved at the 6th session of the 3rd directorate of the Nancal Energy-Saving Technology Co., Ltd. (SHSE:603859) and is not subject to its shareholder's approval. Post the closing, Nancal Energy-Saving Technology Co., Ltd. (SHSE:603859) will hold 74.17% stake in the company. The company reported total assets of CNY 20,373,800.0, net assets of CNY 17,171,900, revenue of CNY 9,020,700, and net profit of CNY -1,501,300 for the year ended December 31, 2016.