Zhongyi (Taixing) Environmental Technology Co., Ltd. announced that it will receive CNY 8,550,360 in equity round of funding on June 10, 2021. The transaction will include participation from Hubei Feilihua Quartz Glass Co.,Ltd for 60% stake. Upon closing, the registered capital of the company will increase from CNY 42,120,000 to CNY 50,670,360.

The transaction has been approved in the tenth meeting of the fifth board of the investor.