Ganzhou Yuelong New Material Co., Ltd. announced that it will raise CNY 15.1 million in an equity round of funding on January 12, 2022. The transaction included participation from returning investor Jiangxi Yuean Advanced Materials Co.,Ltd. to maintain 100% stake in the company. The transaction was approved by the board of directors in its eighteenth meeting of the first board of directors.

The company's registered capital will increase from CNY 4.9 million to CNY 20 million after completion of the transaction.