Yunnan Wenshan Electric Power Co.,Ltd announced that it will receive a round of funding on October 16, 2021. The company will issue A shares in the transaction. The shares carry a par value of CNY 1. The transaction will include participation from not more than 35 investors.

The shares to be issued in the transaction shall not be transferred within 6 months from the date of the completion of the transaction. The issuance price of the shares to be issued shall not be less than 80% of the average trading price of the listed company's stock in the 20 trading days before the pricing benchmark date. The transaction is subject to the approval of The State-owned Assets Supervision and Administration Commission of the State Council and the shareholders of the company.