Anhui Zhongyuan New Materials Investment Co., Ltd. announce that it will receive CNY 50,000,000 in an equity round of funding on April 9, 2024. The transaction include the participation from returning investor Anhui Zhongyuan New Materials Co., Ltd., hold 100% stake in the company. The company's registered capital will increase from CNY 150,000,000 to CNY 200,000,000.

The transaction has been approved in the 5th Meeting of the Company?s 5th Directorate, and does not need the Shareholders? Approval.