Shanxi Power Exchange Center Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 48,936,170.21 on March 30, 2021. The transaction will include participation from returning investors Beijing Jingneng Power Co., Ltd. (SHSE:600578) for CNY 6,290,938.73 for a 4% stake, Jinneng Electric Power Group Co., Ltd. and Jinneng Holding Shanxi Electric Power Co.,LTD. (SZSE:000767). Post the transaction, the registered capital of the company will increase from CNY 100,000,000 to CNY 148,936,170.21 and State Grid Shanxi Electric Power Company's stake in the company will decrease from 70% to 47%.