Inner Mongolia Xiangfu New Energy Co., Ltd. announced that it will receive CNY 40,000,000 in an equity round of funding on December 25, 2023. The transaction will include participation from returning investor Tianjin Binhai Energy & Development Co.,Ltd. The transaction has been approved by the 6th Meeting of the Company?s 11th Directorate and the 6th Meeting of the Company?s 11th Supervisory Board. After the transaction, Inner Mongolia Xiangfu New Energy Co., Ltd.'s registered capital will increase from CNY 40,000,000 to CNY 80,000,000.