Jiangxi Black Cat Import and Export Co., Ltd. announced that it will receive CNY 94,040,000 in an equity round of funding through capital increase on June 2, 2022. The transaction will include participation from returning investor Jiangxi Black Cat Carbon Black Inc.,Ltd for CNY 44,040,000 and new investor Jiangxi Black Cat Singapore Co., Ltd. for CNY 50,000,000 to acquire 49% stake in the company. Jiangxi Black Cat Carbon Black Inc.,Ltd will hold 51% stake in the company post the closing of the transaction.

After the completion of this capital increase, the registered capital of Black Cat Import and Export will increase from CNY 8,000,000 to CNY 10,204,000. The transaction was approved at 7th meeting of the 7th board of directors.