Dongyang Liweineng New Energy Technology Co., Ltd. announced that it will receive CNY 100,000,000 equity round of funding on October 13, 2023. The transaction included the participation from new investors Zhejiang Dongwang Times Technology Co., Ltd. for CNY 29,000,000, Dongyang Jintou Innovation Equity Investment Partnership Enterprise (L.P.) for for CNY 40,000,000 and Wuxi Shengruisi New Energy Technology Co., Ltd for CNY 31,000,000. The registered capital is increased from CNY 100,000,000 to CNY 200,000,000. The transaction has been approved by the 23rd Audit Committee of the 11th Board of Directors.

On the same date, the transaction has been approved by the 28th Meeting of the 11th Board of Supervisors.