According to CoinMeta, Lixin New Energy announced that its board of directors has approved a proposal for its holding subsidiary, Qitai Nengtou Hechuang Power Generation Co., Ltd., to invest in the construction of a 2.5 million kilowatt new energy project in Qitai. The project includes three wind power projects with a total investment of approximately 7.32 billion yuan. The company will contribute 20% of the funds with its own capital, and the remainder will be sourced from bank loans, etc. The company plans to apply for new types of policy-based financial instruments to inject equity capital into this subsidiary. This proposal still needs to be submitted to the shareholders' meeting for review. In addition, the board of directors has approved a resolution to extend the issuance of A-shares to specific targets for the year 2023, as well as a resolution to authorize the issuance for an additional 12 months each; these also require review by the shareholders' meeting. The company intends to hold its third interim shareholders' meeting for the year 2026 on December 1, 2026.