Nanchang Kelu Zhineng Power Grid Technology Co., Ltd. announced that it will receive CNY 1,436,600,800 in a round of equity funding from existing investor ShenZhen Clou Electronics Co., Ltd. (SZSE:002121) on April 11, 2017. Post the closing, the investor will continue to retain its stake of 100% in the company and the registered capital of the company will increase from CNY 228,070,500 to CNY 1,664,671,300. The transaction has been approved at the 21st special session of the 6th directorate of the investor and does not require the approval from its stockholders.