China Coal Xinji Chuzhou Power Generation Co., Ltd. announced that it will receive CNY 1,470,814,785 in an equity round of funding on December 14, 2023. The transaction will include participation from new investor China Coal Xinji Energy Co.,Ltd. for 85% stake in the company. The new investor China Coal Xinji Energy Co.,Ltd. will subscribe CNY 300,093,333 of registered capital for CNY 301,748,118.

Post capital increase, the registered capital of the company is increased to CNY 425,133,333. Post capital increase, the China Coal Xinji Energy Co.,Ltd, and returning investor Datang Anhui Power Generation Co., Ltd. will make cash contributions in accordance with their shareholding ratios. The registered capital of the company will increase from CNY 425,133,333 to CNY 1,594,200,000, of which the China Coal Xinji Energy Co.,Ltd ?s subscribed capital contribution is CNY 1,355,070,000, accounting for 85% of the registered capital.

Datang Anhui Power Generation Co., Ltd. subscribed capital contribution is CNY 239,130,000, accounting for 15% of the registered capital. The transaction has been approved by board of director's of the China Coal Xinji Energy Co.,Ltd in its 12th meeting of the 10th board of directors. The company has entered into investment agreement in the transaction.