Wuxi Hongsheng New Energy Operation Technology Co., Ltd announced that it will raise CNY 10,000,000 in an equity financing on August 29, 2023. The transaction will include participation from returning investor, Wuxi Hongsheng Heat Exchanger Manufacturing Co., Ltd. The transaction has been approved at the 18th meeting of the company?s 4th directorate and 18th meeting of the 4th supervisory board. The company's registered capital will increase from CNY 30,000,000 to CNY 40,000,000.