Eging PV announced a pre-restructuring investment agreement with Ningbo Ruilian and Solar Space, securing CNY 819 million ($119.3 million) through the subscription of at least 455 million shares at CNY 1.8002 per share. Ningbo Ruilian will invest CNY 719 million for no less than 399.5 million shares, while Solar Space will contribute CNY 100 million. Upon completion, Ningbo Ruilian will become the controlling shareholder, with investors committing to a 36-month lock-up period prohibiting share transfers. The investment aims to support Eging PV's restructuring efforts amid financial challenges in the PV industry. The deal reflects strategic consolidation within China's solar sector, targeting improved operational stability and market positioning.