Qinghai Electronic Materials Industry Development Co., Ltd. announced that it will receive CNY 800,000,000 in equity round of funding on March 28, 2022. The transaction will include participation from existing investor, Nuode Investment Co.,Ltd for CNY 783,428,300 in raised funds and CNY 16,571,700 in own funds to retain its 100% stake. Upon closing, the registered capital of the company will increase from CNY 2,657,541,914 to CNY 3,457,541,914.

The transaction has been approved in the 51st meeting of the 9th Directorate and the 24th Meeting of the 9th supervisory board held, and does not need its shareholders' approval of investor.