Zhejiang Tianneng New Materials Co., Ltd. announced that it has received CNY 1,000 million in a round of funding co-led by new investors Zhejiang Puhua Tianqin Equity Investment Management Co., Ltd., and CICC Capital Management Co., Ltd. on August 17, 2023. The transaction involved participation from new investors China National Building Material Company Limited, and Zhejiang Fu Zhe Capital Management Co., Ltd.