Guizhou Panjiang Xinguang Power Generation Co., Ltd. announced that it will receive CNY 1,869,170,000 in equity round of funding on May 31, 2022. The transaction will include participation from existing investor Guizhou Panjiang Refined Coal Co.,Ltd. to retain 100% stake in the company. After the closing of the transaction, the registered capital of the company will increase to CNY 2,835,170,000.

The transaction has been approved in the fourth extraordinary meeting of the sixth board of directors of the investor. The transaction is subject to approval in the general meeting of shareholders for deliberation of the investor.