Nantong Baichuan New Materials Co., Ltd. announced that it will raise CNY 520 million in an equity round of funding from its returning investor on Jiangsu Baichuan High-Tech New Materials Co., Ltd on November 10, 2021. The company registered capital will increases from CNY 680 million to CNY 1,200 million after the transaction. The transaction was approved by the board of directors of the investor in its 27th meeting of the fifth board of directors.