Changzhou Jiejiachuang Precision Machinery Co., Ltd. announced that it will receive CNY 998,771,800 in an equity round of funding on April 27, 2021. The transaction will include participation from returning investor Shenzhen S.C New Energy Technology Corporation (SZSE:300724) to retain its 100% stake in the company. Out of the total amount, CNY 290,585,600 will be added to the registered capital of the company and CNY 708,186,200 will be added to the capital reserve. Post closing of the transaction, the capital of the company will increase from CNY 210,000,000 to CNY 500,585,600. The transaction has been approved by the 29th session of the 3rd directorate and the 24th session of the 3rd supervisory board of Shenzhen S.C New Energy Technology Corporation (SZSE:300724).