Panjin Ekesi New Material Co., Ltd. announced that it expects to receive CNY 410 million in a round of funding on August 6, 2022. The transaction will include participation from returning investor, Mesnac Co., Ltd. to retain its 100% stake in the company. The registered capital change from CNY 10 million to CNY 420 million post closing the transaction.

The transaction has been approved at the second meeting of the eighth board of directors of the company.