CNGR (Hong Kong) New Material Technology Trading Co., Ltd. announced that it will receive HKD 1,872,000,000 in an equity round of funding through capital increase from retuning investor CNGR Advanced Material Co.,Ltd. to retain 100% stake in the company on December 8, 2022. The transaction has been approved at 40th meeting of the first board of directors of CNGR Advanced Material Co.,Ltd. and does not need to be submitted to the general meeting of shareholders for consideration and approval. After the completion of this capital increase, the registered capital of company will increase from HKD 390,000,000 to HKD 2,262,000,000.