Xuzhou Bokang Information Chemical Co., Ltd. announced that it has signed an investment agreement and will issue common shares for gross proceeds of CNY 30,000,000 on December 30, 2020. The transaction will include participation from new investor Dongyang Kaiyang Technology Innovation Development Partnership (Limited Partnership), a fund managed by HMT (Xiamen) New Technical Materials Co., Ltd (SHSE:603306). After the completion of the transaction, the investor will hold 1.186% stake in the company. The transaction is expected to close within 15 days. After the completion of the transaction, the registered capital of the company will increase to CNY 760,094,990,000. The round will be raised at a pre-money valuation of CNY 2,500,000,000.