Liaoning Dingjide Petrochemical Technology Co., Ltd. announced that it will raise CNY 290 million in a round of funding on March 15, 2024. The transaction included participation from returning investor, Liaoning Dingjide Petrochemical Co., Ltd., hold 98.75% stake in the company. The company's registered capital will be raised from CNY 510 million to CNY 800 million.

The transaction has been approved from the company's 26th meeting of the second board of directors and the the 26th meeting of the second board of directors and still needs to be submitted to the shareholders' meeting for review.