Shandong Wansheng New Materials Co., Ltd. announced that it has received CNY 200,000,000 in an equity round of funding on June 22, 2022. The transaction includes participation from returning investor, Zhejiang Wansheng Co., Ltd. to maintain its 100% stake in the company. The registered capital has increased to CNY 400,000,000.

The company completed the change of business registration of its capital increase.