According to the Zhitong Finance App, Xinte Energy (01799.HK) announced that according to the capital increase agreement, ICBC Finance agreed to increase the capital of Fengsheng Power Generation by RMB 500 million, of which RMB 469,651,993 was included in Fengsheng Power's registered capital, and the remaining RMB 30,348,007 was included in the capital reserve. After the capital increase is completed, ICBC Finance holds 39.05% of Fengsheng Power Generation's shares, while Xinjiang New Energy holds 60.95% of Fengsheng Power Generation's shares, and Fengsheng Power will remain a non-wholly-owned subsidiary of the company.

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