Anhui Baolijia New Materials Co., Ltd. announced that it will receive CNY 40 million in a round of funding on January 13, 2023. The transaction will include participation from returning investor Shanghai Baolijia Chemical Co., Ltd. The transaction has been approved in the fifteenth meeting of the third board of directors and the twelfth meeting of the third board of supervisors. After completion of the transaction, registered capital will be increased from CNY 200 million to CNY 240 million.