Shouhang Water Resources Technology Development Co., Ltd. announced that it will receive CNY 200,000,000 in an equity round of funding on August 29, 2022. The transaction will include participation from existing investor, Shouhang High-Tech Energy Co., Ltd. The transaction has been approved in the thirtieth meeting of the fourth session of the board of directors held by the company and does not need to be submitted to the general meeting of shareholders for deliberation and approval. Post completion the registered capital of the company will increase from CNY 50,000,000 to CNY 250,000,000.