Boruisi Digital Energy (Shenzhen) Co., Ltd. announced that it will receive CNY 20,000,000 in a round of funding from new investor SanFeng Intelligent Equipment Group Co., Ltd. to acquire 22.99% stake in the company on July 10, 2023. After the completion of this capital increase, the registered capital of company will be increased from CNY 67,000,000 to CNY 87,000,000. The transaction has been approved at 3rd meeting of the 5th board of directors and the 3rd meeting of the 5th board of supervisors and does not need to be submitted to the general meeting of shareholders for consideration.