Xituo Energy Group Co., Ltd. announced that it will receive CNY 150,000,000 in an equity round of funding from returning investor Shouhang High-Tech Energy Co., Ltd. on October 29, 2021. The transaction was approved by the board of directors of the investor at its twenty-first meeting of the fourth directorate. Post to the closing, the registered capital of the company at its CNY 242,244,900 to CNY 392,244,900.