Shanghai Guohou Financial Leasing Co., Ltd. announced that it will receive CNY 990,000,000 in an equity round of funding from returning investor Pingdingshan Tianan Coal. Mining Co., Ltd. on October 26, 2021. Post closing of the transaction, Pingdingshan Tianan Coal.

Mining Co., Ltd. will hold 93.75% stake in the company and Hongtao Shipping Co., Ltd. will hold 6.25%. Post closing of the transaction, the capital of the company will increase from CNY 1,010,000,000 to CNY 2,000,000,000.