Harbin Jiuzhou Energy Investment Co., Ltd. announced that it will receive no more than CNY 400,000,000 in an equity round of funding on June 27, 2023. The transaction will include participation from returning investor Harbin Jiuzhou Electrical Co.,Ltd to retain its 100% stake in the company. The transaction has been approved by Harbin Jiuzhou Group Co.,Ltd. board of directors at the 3rd meeting of the company's 8th directorate and is subject to it's shareholders approval.

The registered capital will be CNY 600,000,000 post completion of the transaction.