According to CoinMeta, Shuangjie Electric announced that its board of directors has approved a foreign investment proposal to increase capital by 200 million yuan to Guangzhou Jiangchu New Energy Technology Development Partnership (Limited Partnership). After the capital increase, the company intends to hold 33.2116% of its equity. The funds will be used by the partnership to purchase the equity of the original shareholders of Guangzhou Huining Times New Energy Development Co., Ltd., to increase capital in Huining Times, or for other purposes stipulated in the relevant transaction documents. Ultimately, the funds will be used for the development, construction, operation of the Huining Times Jiangmen energy storage power station project, as well as for the reasonable expenses of the partnership. This foreign investment matter does not require review by the shareholders' meeting.