Shandong Luyin Yanxue Chuneng Engineering Technology Co., Ltd announced that it will receive CNY 170,000,000 in an equity round of funding from returning investor Luyin Investment Group Co.,Ltd. on June 10, 2022. The transaction also included participation from other investors Shandong Province Salt Industry Group Company Limited, Shandong Guohui Reform & Development Fund Partnership (L.P.), a fund managed by Shandong Guohui Fund Management Co., Ltd. The transaction was approved by the board of directors of the investor at its thirty-sixth meeting of the tenth directorate. Post the closing, registered capital will increase from CNY 30,000,000 to CNY 200,000,000 million.