Anhui Jiguang New Materials Co., Ltd. announced that it will receive CNY 146,670,000 in an equity round of funding on August 7, 2023. The transaction will include participation from new investor Tianjin Xianzhilian Investment Center (L.P.), a fund managed by Beijing Singularity Power Investment Management Co., Ltd. for CNY 40,000,000 and returning investor Talant Optronics (Suzhou) Co., Ltd. for 106,670,000. The transaction was approved by the board of directors of the company at its twelfth meeting of the third board of directors and 4th Extraordinary General Meeting of Shareholders in 2023.

Post to the closing, new investor Tianjin Xianzhilian Investment Center (L.P.), a fund managed by Beijing Singularity Power Investment Management Co., Ltd. will acquire 16.22% stake and returning investor Talant Optronics (Suzhou) Co., Ltd. for 83.78% stake in the company.