Wuxi Paike New Materials Technology Co.,Ltd. announced that it has received CNY 1.59999996 billion in funding from a group of investors

On September 27, 2022, Wuxi Paike New Materials Technology Co.,Ltd. closed the transaction. The company has raised CNY 1,599,999,960.16 in the transaction. The company has paid issuance expenses of CNY 17,060,706.02, the net amount of funds raised is CNY 1,582,939,254.14, of which the newly increased registered capital is CNY 13,170,892.00 and the newly increased capital reserve is CNY 1,569,768,362.14.

The transaction included participation from Caitong Fund Management Co., Ltd. for 1,860,388 shares, for proceeds of CNY 225,999,934.24, Galaxy Capital Asset Management Co. Ltd for 1,646,361 shares, for proceeds of CNY 199,999,934.28, CITIC Securities Company Limited, Asset Management Arm for 1,407,644 shares, for proceeds of CNY 171,000,593.12, and other investors.