Fujian Kehua Graphite Technology Co., Ltd announced that it will receive CNY 159,100,900 in an equity round of funding on January 20, 2022. The transaction will include participation from existing investor Keda Industrial Group Co., Ltd. for CNY 117,691,600 and 4 employee shareholding platforms for CNY 41,409,300. Pursuant to the transaction, Keda Industrial Group Co., Ltd's stake will increase from 54% to 55.01% and employee shareholding platform's stake will be 15.84%.

Post completion of the transaction, the registered capital of the company will increase from CNY 155,560,000 to CNY 245,500,000.