CNBM (Tongcheng) New Energy Materials Company Limited announced that it will raise CNY 800 million in a equity round of funding on September 15, 2021. The transaction included participation from returning investor Luoyang Glass Company Limited. The transaction was approved in its 39th meeting of the ninth board of directors and the sixth meeting of the board of supervisors.

The transaction is not subjected to approval of shareholders in general meeting. The company's registered capital will be increased from CNY 133,388,980 to CNY 933,388,980.