Pingwu County Tianxin Silicon Industry Co., Ltd announced that it will receive an equity round of funding on November 5, 2021. The transaction will include participation from Zhejiang Xinan Chemical Industrial Group Co.,Ltd for CNY 150,000,000 and other shareholders. Post the closing of the transaction, Zhejiang Xinan Chemical Industrial Group Co.,Ltd will hold more than 51% stake in the company.

The transaction was approved in the 20th meeting of the 10th Board of Directors of Zhejiang Xinan Chemical Industrial Group Co.,Ltd.