Jiangxi Haobo New Material Technology Co., Ltd announced that it will receive CNY CNY 465 million in a round of funding on March 15, 2022. The transaction will include participation from new investor, Hootech Inc. for CNY 237,350,000, existing investors, China Platinum Co., Ltd., Zhejiang Shenlian Investment Management Co., Ltd., Fuzhou Haojun Enterprise Management Consulting Center (Limited Partnership), Fuzhou Borui Enterprise Management Consulting Center (Limited Partnership), Shanghai Jintanglian Metal Co., Ltd. will invest CNY 228,842,886. The payment will be completed in installments.

The transaction has been approved in the 5th session of the company's 6th directorate. This transaction still needs to be approved by the company's shareholders' meeting.