Kashgar New Material Technology Co., Ltd. announced that it will receive CNY 17,000,000 in an equity round of funding on February 18, 2021. The transaction will include participation from returning investors Dongguan Yezhi Electronic Technology Co., Ltd. for CNY 8,400,000 and post transaction stake of 42%, Jiangsu Zhenjiang Gulina New Energy Technology Partnership (Limited Partnership) for CNY 5,600,000 and post transaction stake of 28%, new investors Shandong Zhangqiu Blower Co., Ltd (SZSE:002598) for CNY 4,000,000 and 20% stake, Shanghai Anpai Youtai Technology Co., Ltd for CNY 2,000,000 and 10% stake in the company. As a part of transaction, the registered capital will increase from CNY 3,000,000 to CNY 20,000,000.