Malion New Materials (Sichuan) Co., Ltd. announced that it will raise CNY 450,000,000 in an equity round of funding on November 21, 2022. The transaction will include participation from returning investor, Malion New Materials Co., Ltd. retaining 100% stake post completion of the transaction. The company's registered capital will increase from CNY 50,000,000 to CNY 500,000,000.