Sunshine New Energy Development Co., Ltd. announced that it will raise CNY 1,000,000,000 in an equity round of funding on December 6, 2023. The transaction included participation from returning investors, Sungrow Power Supply Co., Ltd.. The registered capital of the company will increase from CNY 1,420,534,361 to CNY 1,000,227,186 and CNY1,499,460,959 will go to registered capital and CNY 921,073,402 to capital reserve.

The transaction has been approved in the 5th session of the company?s 5th directorate and the 4th session of the company?s 5th supervisory board.