New East Ink Co., Ltd. announced that it will receive CNY 20,000,000 in an equity round of funding on December 10, 2021. The transaction will include participation from returning investor New East New Materials Co., Ltd. to retain its 100% stake in the company. Post completion of the transaction, the capital of the company will increase from CNY 195,713,127 to CNY 215,713,127. The transaction has been approved by the board of directors of New East New Materials Co., Ltd in the fifth meeting of the fifth board of directors.