Changde Jushun New Materials Co., Ltd. announced that it will raise CNY 150 million in an equity round of funding on October 30, 2023. The transaction will include participation from returning investor Hangzhou Juheshun New Material Co.,LTD. The transaction has been approved by the 17th meeting of the third board of directors of the company. After the capital increase is completed, the registered capital of Changde Jushun New Materials Co., Ltd. will be CNY 200 million.