Guangdong Qiaoyin Rural Environmental Investment Co., Ltd. announced that it will receive CNY 490,000,000 in an equity round of funding on April 15, 2021. The transaction will include participation from returning investor Qiaoyin City Management Co.,Ltd to retain 100% stake in the company. Post-closing of the transaction, the registered capital of the company will increase from CNY 10,000,000 to CNY 500,000,000. The transaction has been approved by 30th meeting of the 2nd directorate of investor and does not need its shareholders’ approval.