Dongyang HMT New Material Technology Research Institute Co., Ltd. announced that it will raise CNY 250 million in an equity round of funding on September 12, 2023. The transaction will include participation from new investor HMT (Xiamen) New Technical Materials Co., Ltd. After the capital increase, Dongyang HMT New Material Technology Research Institute Co., Ltd.'s registered capital will increase from CNY 250 million to CNY 500 million.