Dezhou Xintianneng New Energy Co., Ltd announced that it will receive CNY 60,000,000 in an equity round of funding on November 20, 2020. The transaction will include participation from returning investor Qingdao Tianneng Heavy Industries Co.,Ltd (SZSE:300569) to retain its 100% stake in the company. Post completion of the transaction, the capital of the company will increase from CNY 10,000,000 to CNY 70,000,000. The transaction has been approved by the board of directors of Qingdao Tianneng Heavy Industries Co.,Ltd (SZSE:300569) in the 42nd meeting of the third board of directors.