Sichuan Mingxing New Energy Technology Co., Ltd. announced that it will receive CNY 140 million in equity funding on November 30, 2020. The transaction will include participation from returning investor Sichuan Mingxing Electric Power Co., Ltd. (SHSE:600101) to its 100% stake in the company. The transaction has been approved in the 17th session of the 11th directorate of the investor. The registered capital of the company will increase from CNY 60 million to CNY 200 million.