Guangzhou Hengyun Power Engineering Technology Co., Ltd. announced that it will issue 21,850,000 common shares at an issue price for gross proceeds of CNY 51,015,400 on January 6, 2023. The transaction will include participation from returning investor, Guangzhou Hengyun Enterprises Holding Ltd by investing CNY 15,721,400 for 6,733,500 shares and new investor, Guangzhou Luoli Energy Technology Co., Ltd. by investing CNY 35,294,000 for 15,116,500 shares.