Beijing Bolu Hydrogen Energy Technology Development Co., Ltd announced a private placement on March 30, 2023. The company will issue common shares in the transaction. The transaction will include participation from new investors Shanghai CEO Environmental Protection Technology Co., Ltd for CNY 14,000,000, Borui Chuanglian for CNY 3,000,000 and other investors.

The company's registered capital is now CNY 7,000,000. This has been approved in the 10th session of the company's 3rd directorate. The company received a notice that it has already completed the registration modification and obtained the business license issued by the Market Supervision Administration of Beijing.