Anhui Jiguang New Materials Co., Ltd. announced that it will raise CNY 50 million in an equity round of funding on December 25, 2023. The transaction will include participation from new investor, Shenzhen Sunnypol Optoelectronics Co.,Ltd. for 16.86% stake. The company?s registered capital will increase to CNY 296.67 million.

The transaction has been approved by the company?s 5th directorate during its 6th meeting, and does not require approval by shareholders? meeting of the company.