Guizhou Zhenhua New Material Co., Ltd. announced that it will receive CNY 650,000,000 in an equity round of funding from returning investor Guizhou Zhenhua New Material Co., Ltd. to maintain 100% stake in the company, on December 28, 2021. The capital increase is included in registered capital of the company. The transaction has been approved in the nineteenth meeting of the fifth board of directors of the investor and the twelfth meeting of the fifth board of supervisors and is subject to investor's general meeting of shareholders.