Guohua Jintai (Shandong) New Materials Technology Co., Ltd. announced that it has raised CNY 150 million in a round of funding on December 11, 2023. The transaction included participation from Zhejiang Three Stars New Materials Co., Ltd. for CNY 120 million and Lanling County Jindong Antai Trading Co., Ltd. for CNY 30 million. The company?s registered capital will be increased from CNY 50 million yuan to CNY 200 million yuan.

The transaction has been approved in the 27th meeting of the fourth board of directors and the 25th meeting of the fourth board of supervisors.