Guangdong Dongwei New Materials Co., Ltd. announced that it will receive CNY 330,000,000 in an equity round of funding on June 30, 2020. The transaction will involve participation from returning investor Guang Dong Sitong Group Co.,Ltd (SHSE:603838) for CNY 330,000,000. Post completion of the transaction, the registered capital of the company will increase from CNY 100,000,000 to CNY 430,000,000. The transaction has been approved by the fifth meeting of the third board of directors in and the twenty-fourth meeting of the third board of supervisors of the investor.