Xi'an Evergreen Power Financial Leasing Co., Ltd. announced that it will receive CNY 400,000,000 in an equity round of funding on December 27, 2022. The transaction included participation form returning investor, Xi'an Shaangu Power Co., Ltd. After the completion of this capital increase, the registered capital will be increased from CNY 200,000,000 to CNY 600,000,000 and the investor still holds 100% of the company stake. The capital increase has been reviewed and approved at the 19th meeting of the 8th board of directors of the company.

And capital increase is within the approval authority of the company's board of directors and does not need to be submitted to the company's shareholders' meeting for consideration.