Guolian Finance Co., Ltd. announced that it will receive CNY 500,000,000 in an equity round of funding on August 28, 2023. The transaction will include participation from returning investor Wuxi GuoLian Development (Group) Co.,Ltd for CNY 250,000,000 for 50% stake, Wuxi Huaguang Environment & Energy Group Co.,Ltd. for CNY 150,000,000 for 30% stake, Wuxi Guolian Material Investment Co., Ltd. for CNY 50,000,000 for 10% stake and Wuxi No 1 Cotton Mill Textile Group Co., Ltd for CNY 50,000,000 for 10% stake. The transaction was approved by the board of directors of Wuxi Huaguang Environment & Energy Group Co.,Ltd. at its 15th Meeting of 8th Directorate and the 10th Meeting of the 8th Supervisory Board.