Jiangxi Phenix Optical Technology Co., Ltd. announced that it will receive CNY 300 million in an equity round of funding on November 9, 2019. The transaction will include participation from existing investor Phenix Optical Company Limited (SHSE:600071). Post to the transaction, the investor will continue to hold 100% stake in the company. The transaction was approved in the 39th session of the 7th directorate and the 25th session of the 7th supervisory board and is subject to approval of the shareholders of the parent company. Prior to the transaction, the registered capital of the company is CNY 134,880,100.