Jiujiang Tinci New Power Materials Technology Co., Ltd. announced that it will receive funding not more than RMB 834,442,800 on November 1, 2022. The transaction included participation from Guangzhou Tinci Materials Technology Co., Ltd. The proposal on using raised funds to Increase Capital of Subsidiaries has been approved by The 42nd meeting of the 5th board of directors and the 34th meeting of the 5th board of supervisors.