Wuxi Hongsheng New Energy Operation Technology Co., Ltd announced that it will receive CNY 10,000,000 round of funding on August 29, 2023. The transaction included the participation from new investor Wuxi Hongsheng Heat Exchanger Manufacturing Co., Ltd. The company hold 65% stake. The registered capital will increase from CNY 30,000,000 to CNY 40,000,000.

The company held that the transaction has been approved in the 18th Meeting of the Company?s 4th Directorate, and does not need the Shareholders? Approval.