Hebei Xinhualong Technology Co., Ltd. announced that it will receive CNY 190,000,000 in an equity round of funding on August 16, 2021. The transaction will include participation from Zhejiang Zheneng Green Power Development Co., Ltd. for CNY 47,500,000 and Zhejiang Zheneng Electric Power Co., Ltd. for CNY 142,500,000. On closing, the registered capital of the company will increase from CNY 50,000,000 to CNY 200,000,000. The transaction has been approved by the the Zhejiang Zheneng Electric Power Co., Ltd. general manager's office as authorized by the directorate and does not require approval from the investor's shareholders. The transaction has also been approved by the Zhejiang Provincial New Energy Investment Group Co., Ltd 24th meeting of the 1st directorate.