Shenzhen INVT Photovoltaic Technology Co., Ltd announced a private placement of CNY 90 million on August 15, 2022. The transaction will include participation from returning investor. Shenzhen INVT Electric Co.,Ltd with 87.5% pre- transaction stake.

The registered capital will increase from CNY 60 million to CNY 150 million. The transaction has been approved by the thirteenth meeting of the sixth board of directors.