Suzhou Shengcheng Solar Equipment Co., Ltd. announced that it will receive CNY 378,000,000 in an equity round of funding from returning investor J.S. Corrugating Machinery Co., Ltd on June 11, 2021. On closing, the investor retains its 100% stake in the company. Post-closing, the registered capital of the company will increase from CNY 80,000,000 to CNY 458,000,000. The transaction has been approved by board of directors of J.S. Corrugating Machinery Co., Ltd in its 7th meeting of the company’s 10th directorate and does not need the shareholders’ approval.