Zhiguang Energy Storage received additional investment from 10 investors, totaling RMB 700 million

Zhiguang Electric announced that its holding subsidiary Zhiguang Energy Storage recently signed a capital increase agreement and equity transfer contract with 10 investors to ensure the consistency of various agreements and avoid potential conflicts of terms. The 10 investors include Guangdong Yuecai Industrial Investment Fund Partnership, China Development Bank Manufacturing Transformation and Upgrading Fund, etc. Zhiguang Energy Storage's pre-investment valuation is RMB 1.8 billion, and the planned capital increase is no more than RMB 700 million. At present, all investors' capital increase funds have been fully in place, totaling RMB 700 million.