Linzhou Yuneng Pumped Storage Co., Ltd. announced that it will receive CNY 800 million in a round of funding on December 29, 2022. The transaction will include participation from Henan Yuneng Holdings Co.,Ltd. The company will issue common shares in the transaction. The transaction has been approved by the eighth interim meeting of the board of directors in 2022.

Post completion of the transaction the registered capital of the company will increase from CNY 100 million to CNY 900 million.