Zhuhai Hongchang Electronic Materials Co., Ltd. announced that it will receive $42,420,000 (CNY 274,516,788) in an equity round of funding on June 24, 2021. The transaction included participation from returning investors, Epoxy Base Electronic Material Corporation Limited (SHSE:603002) for $31,250,000 (CNY 202,231,250) and Epoxy Base (H.K.) Electronic Material Limited for $11,170,000 (CNY 72,285,538) to retain their stakes of 73.67% and 26.33% respectively. Post to the transaction, the registered capital of the company will increase from $43,480,000 (CNY 281,376,472) to $85,900,000 (CNY 555,893,260). The transaction has been approved in the twelfth session of the fifth board of directors of Epoxy Base Electronic Material Corporation Limited (SHSE:603002), does not need to be submitted to its shareholders and still needs the approval or filing of relevant departments.