On February 13, WeiNeng proudly announced the successful closure of its C3 equity financing round, raising an impressive RMB 1 billion. This milestone brings WeiNeng's cumulative financing for the C round to nearly RMB 2 billion. Building on the continued support from its founding shareholders and the strategic introduction of state-owned capital investors, including the Haining Economic Development Zone, Chengmai County in Hainan, and Dongpo District in Meishan, this latest financing round has also successfully drawn in two major new shareholders: Hefei Construction Investment and the Hefei Economic Development Zone. The newly acquired funds will be strategically allocated to enhance battery asset management operations, bolster technology research and development initiatives, and drive resource recycling efforts. At present, WeiNeng manages a battery asset portfolio exceeding 42 GWh, providing services to over 550,000 users.