Jiangsu Shuangliang Energy Saving Investment Co., Ltd announced that it will CNY 600 million in an equity round of funding through capital increase from returning investor Shuangliang Eco-Energy Systems Co.,Ltd to retain 100% stake on June 8, 2022. After the capital increase is completed, the registered capital of the company will be increased from CNY 100 million to CNY 700 million. The transaction has been approved at the ninth extraordinary meeting of the seventh board of directors of the company in 2022 and the twentieth meeting of the seventh board of supervisors and does not need to be submitted to the company's general meeting of shareholders for consideration and approval.