Dongyang HMT New Material Technology Research Institute Co., Ltd. announced that it will receive CNY 200 million in a round of funding on January 8, 2024. The transaction will include participation from returning investor HMT (Xiamen) New Technical Materials Co., Ltd. The company will issue convertible bonds in the transaction. The transaction was approved by the board of directors of the company at its 2nd special directorate for 2024 and the 1st special supervisory board for 2024 of the company.