Panjiang New Energy Power Generation (Guanling) Co., Ltd announced that it will receive CNY 677,600,000 in an equity round of funding on June 7, 2023. The transaction will include participation from returning investors, Guizhou Panjiang Refined Coal Co.,Ltd. for CNY 575,960,000 and Guanling Xingguan Industrial Development Co., Ltd for CNY 101,640,000. After the capital increase is completed, the registered capital of company will increase from CNY 80,000,000 to CNY 757,600,000.

Guizhou Panjiang Refined Coal Co.,Ltd. still holds 85% of the equity and Guanling Xingguan Industrial Development Co., Ltd still holds 15% of the equity in the company. The transaction was approved by the second interim meeting of the company's sixth board of directors in 2023 and and does not need to be submitted to the general meeting of shareholders for consideration.