Jinneng Chemical (Qingdao) Co. , Ltd. announced that it will receive CNY 2,000,000,000 in an equity round of funding on April 21, 2022. The transaction will include participation from existing investor, Jinneng Science&Technology Co., Ltd. from its own funds.

The transaction has been approved in the 12th meeting of the company's 4th directorate and the 11th meeting of the 4th supervisory board, and does not need the shareholders' approval. Post completion of the transaction, the registered capital of the company will increase from CNY 8,000,000,000 to CNY 10,000,000,000.