Zhuhai Great Power Battery Co., Ltd. announced that it will issue common shares for gross proceeds of CNY 300 million on May 22, 2023. The transaction will include participation from returning investor, Guangzhou Great Power Energy and Technology Co., Ltd. The transaction has been approved at the 39th meeting of the company?s 4th directorate. The company's registered capital will increase from CNY 260 million to CNY 560 million.