Muli Guzeng Hydropower Development Co., Ltd. announced a private placement of common shares for gross proceeds of CNY 59,367,000 on August 26, 2021. The transaction will include participation from returning investors Sichuan Xichang Electric Power Co.,Ltd. and Muli State-owned Assets Management Co., Ltd. On closing, Sichuan Xichang Electric Power Co.,Ltd. stake holding in the company will increase from 70.04% to 71.27% and the registered capital of the company will increase from CNY 372,813,000 to CNY 432,180,000. The transaction has been approved in the 33rd meeting of the eighth session of Sichuan Xichang Electric Power Co.,Ltd.