Hangzhou Dingsheng Import&Export Co., Ltd. announced that it has received CNY 150,000,000 in an equity round of funding on June 24, 2021. The transaction will include participation from returning investor, Jiangsu Dingsheng New Material Joint-Stock Co.,Ltd to retain its stake of 100% in the transaction. Post to the transaction, the registered capital of the company will increase from CNY 21,200,000 to CNY 171,200,000. The transaction has been approved at the fifth meeting of the fifth board of directors of the investor and does not need to be submitted to its shareholders.