Anhui Guoyuan Investment Co., Ltd. announced that it will receive CNY 300,000,000 in an equity round of funding on April 23, 2015. The price of the shares will be computed based on the 2014 audited per registered capital corresponding to net asset of CNY1.18. The transaction will include participation from existing shareholders corresponding to their current shareholding in the company. An existing shareholder, Anhui Wanwei Updated High-Tech Material Industry Company Limited will participate for CNY 1,150,500 and will maintain its stake at 0.325% in the company. The equity participation of Anhui Wanwei Updated High-Tech Material Industry Company Limited in the company will increase from CNY CNY 3,250,000 to CNY 4,875,000; of which CNY 650,000 will come from the 2014 year end undistributed profit of the company. The transaction has been approved by the shareholders of the company and the State-owned Assets Supervision and Administration Commission of Anhui Province. The company will increase its registered capital from CNY 1,000,000,000 to CNY 1,500,000,000; of which CNY 200,000,000 will come from the 2014 year end undistributed profit of the company. The company reported operating profit of CNY 555,840,000 for the year ended December 31, 2014.

On July 25, 2015, the company announced that the transaction has been approved in the 16th meeting of 6th board of directors of Anhui Wanwei Updated High-Tech Material Industry Company Limited.