Zhejiang Hongfeng Semi-Conductor New Materials Co., Ltd. announced that it has received CNY 50 million in funding from Wenzhou Hongfeng Electrical Alloy Co., Ltd., Wenzhou Xianfeng Enterprise Management Services Co., Ltd.

On November 2, 2023, Zhejiang Hongfeng Semi-Conductor New Materials Co., Ltd. closed the transaction. The company has completed the change of business registration of its capital increase.