Changdejin Ningneng Thermal Power Co., Ltd. announced a private placement of common shares for proceeds of CNY 25 million on December 27, 2023. The transaction will include participation from returning investors Ningbo Energy Group Co.,Ltd. and Green Energy Investment Development Co., Ltd. according to their current equity ratios of 75% and 25% respectively. After the completion of the transaction, the registered capital of the company will increase from CNY 168 million to CNY 193 million.

The transaction has been approved by the ninth session of the eighth session of the board of directors of Ningbo Energy Group Co.,Ltd.