Tianneng Battery Group (Anhui) Co., Ltd. announced that it will receive CNY 100,000,000 in an equity round of funding on March 15, 2021. The transaction will include participation from returning investor Tianneng Battery Group Co., Ltd. (SHSE:688819) to retain its 100% stake in the company. Post completion of the transaction, the capital of the company will increase from CNY 200,000,000 to CNY 300,000,000. The transaction has been approved by the board of directors of Tianneng Battery Group Co., Ltd. (SHSE:688819) in the 19th meeting of the first board of directors of the company and the 13th meeting of the first board of supervisors.