Changsha Luyuan Nengcai Technology Co., Ltd. announced that it will receive CNY 28 million in equity round of funding on May 22, 2023. The transaction will include participation from new investors Changsha Pulin New Energy Partnership Enterprise (Limited Partnership) for CNY 10 million and 25% stake, Hunan Taixi Technology Partnership Enterprise (Limited Partnership) for CNY 9.6 million and 24% stake and returning investor Kaiyuan Education Technology Group Co., Ltd. for CNY 8.4 million and 51% stake after completion. The transaction has been approved in the fourty-third session of the company’s fourth directorate.

After the completion of the transaction the registered capital of the company will increase from CNY 12 million to CNY 40 million.