Guangzhou Huitian New Materials Co., Ltd. announced that it will receive CNY 300,000,000 in an equity round of funding on November 18, 2022. The transaction will include participation from returning investor Hubei Huitian New Materials Co., Ltd. to retain 100% stake. After the completion, the registered capital of the company will increase from CNY 100,000,000 to CNY 400,000,000.

The transaction has been approved in the 7th Meeting of the 9th Directorate and the 7th Meeting of the 9th Supervisory Board of Hubei Huitian New Materials Co., Ltd., parent of the company and does not need the Shareholders? Approval.