Quzhou Hangyang Times Lithium Battery Gas announced that it will receive CNY 68,000,000 in a round of funding on October 24, 2022. The transaction will include participation from Hangzhou Oxygen Plant Group Co.,Ltd. The company will issue common shares in the transaction. The transaction has been approved in the 37th Meeting of the Company's 7th Directorate, and does not need the shareholders' approval.

The registered capital of the company has increased from CNY 70,000,000 to CNY 138,000,000.