Shandong Juheshun New Materials Co., Ltd. announced that it will receive CNY 600 million equity round of funding on November 24, 2023. The transaction include the participation from new investor China Tianchen Engineering Corporation for CNY 280 million with 35% stake post completion of the transaction and returning investor Hangzhou Juheshun New Material Co.,LTD for CNY 320 million with 65% stake post completion of the transaction. The company's registered capital is increased from CNY 200 million to CNY 800 million.

The transaction has been approved at 15th meeting of the third supervisory board.