Tianneng Group (Henan) Energy Technology Co., Ltd. announced that it will receive CNY 324,983,800 in equity round of funding from existing investor Tianneng Battery Group Co., Ltd. (SHSE:688819) on March 15, 2021. The investor continues to own 100% stake in the company. The registered capital will increase by CNY 150,000,000 from CNY 300,000,000 to CNY 450,000,000 and rest of the proceeds will go to capital reserve. The transaction has been approved by the 19th meeting of the 1st board of directors and the 13th meeting of the 1st board of supervisors of investor.