Zhejiang Hailide New Film Materials Co., Ltd. announced that it will receive CNY 90,000,000 in an equity round of funding on December 16, 2020. The transaction will include participation from returning investor Zhejiang Hailide New Material Co.,Ltd (SZSE:002206), which will retain its 100% stake in the company. The registered capital of the company will increase from CNY 10,000,000 to CNY 100,000,000. The transaction has been approved by the board of directors in its 10th meeting of the seventh board of directors of the investor.