Foshan CleanEst Energy Technology Co., Ltd. announced that it will receive CNY 15,000,000 in an equity round of funding on July 29, 2021. The transaction will include participation from new investor Guangdong Huafeng New Energy Technology Co.,Ltd. for 5.88% stake in the company. Out of the total gross proceeds, CNY 1,306,900 will go into registered capital, and CNY 13,693,100 will go into capital reserve.

Post-closing, the registered capital of the company will increase from CNY 20,920,000 to CNY 22,226,900. The transaction will be in 2 tranches of CNY 7,500,000 each.