Huizhou Redwall Chemical Co., Ltd. announced that it will receive CNY 30 million in an equity round of funding on May 25, 2021. The transaction will include participation form returning investor Guangdong Redwall New Materials Co., Ltd. Post the transaction the registered capital of the company will increase from CNY 50 million to CNY 80 million. The transaction has been approved by the board of directors of Guangdong Redwall New Materials Co., Ltd, the parent of the company.