Sichuan Yongquan Glass Tech Co.,Ltd. announced that it will receive CNY 100,000,000 in an equity round of funding on January 15, 2021. The transaction will include participation from existing investor Jiangsu Xiuqiang Glasswork Co., Ltd. (SZSE:300160). As a part of the transaction, CNY 15,000,000 will go to registered capital and CNY 85,000,000 will go to capital reserve. Pursuant to the transaction, registered capital will increase from CNY 35,000,000 to CNY 50,000,000. The transaction has been approved at the 14th meeting of 4th board of directors and 14th meeting of 4th board of supervisors, and is not subject to shareholders approval of the company's parent.