Shaanxi Meineng New Energy Co., Ltd. announces it will raises a private placement of gross proceeds for CNY 15,000,000 on July 7, 2023. The transaction included the participation from returning investor Shaanxi Meineng Clean Energy. The registered capital will increase from CNY 30,000,000 to CNY 45,000,000.

The transaction has been approved in the 3rd Meeting of the Company?s 3rd Directorate and the 3rd Meeting of the 3rd Supervisory Board, and are still subject to the Shareholders? Approval.