Anhui Nandu Huatuo New Energy Technology Co., Ltd. announced that it will receive CNY 550 million million in an equity round of funding on December 25, 2023. The transaction will include participation from returning investor, ZHEJIANG NARADA POWER SOURCE Co. , Ltd for CNY 76,190,500 and hold 71.11% stake, Jieshou Rongcheng High-tech Equity Investment Fund Partnership (Limited Partnership) for CNY 21,428,600 and hold 20% stake and Jieshou Guoyuan High-tech Industry Fund Co., Ltd for CNY 9,523,800 and hold 8.89% stake.

After the completion of this capital increase, The company registered capital will increase from CNY 80,952,400 to CNY 107,142,900. The company registered capital is CNY 26,190,500 and CNY 523,809,500 added as capital reserve. The transaction has been reviewed and approved by the 22nd meeting of the 8th board of directors of the investor.