Ningxia Cheng?an New Energy Co., Ltd. announced a capital increase on December 7, 2022. The transaction will include participation from returning investor, Jiangsu Sunshine Co., Ltd. Through this transaction, the company's registered capital will increase from CNY 200 million to CNY 1,000,000,000. The transaction has been approved by the 16th session of Jiangsu Sunshine Co., Ltd.'s 8th directorate.