Nantong Jianghai Chuneng Technology Co., Ltd. announced that it will receive CNY 500 million in a round of equity funding from existing investor Nantong Jianghai Capacitor Co. Ltd. (SZSE:002484) on January 11, 2017. Post the closing, the investor will continue to retain its stake of 100% in the company. Post the closing, the registered capital of the company will increase from CNY 120 million to CNY 200 million, and CNY 420 million will go to capital reserve. The transaction has been approved at the 17th meeting of the 3rd directorate and 12th meeting of the 3rd supervisory board meeting of the investor and does not require its shareholders' approval.