Zhejiang Hongfeng Copper Foil Co., Ltd. announced that it has received CNY 162 million in funding from Wenzhou Ouxiu Enterprise Management Partnership (Limited Partnership), Wenzhou Oujin Enterprise Management Partnership (Limited Partnership), Wenzhou Hongfeng Electrical Alloy Co., Ltd., and another investor

On October 31, 2022, Zhejiang Hongfeng Copper Foil Co., Ltd. closed the transaction. The company has completed the industrial and commercial change registration procedures for the present capital increase, and obtained the Business License issued by Wenzhou Market Supervision Administration. The registered capital of the company is now CNY 50,000,000.