Qinghai Electronic Materials Industry Development Co., Ltd. announced that it will receive CNY 990,000,000 in equity round of funding on April 28, 2022. The transaction will include participation from existing investor, Nuode Investment Co.,Ltd to retain its 100% stake in the company. Upon closing, the registered capital of the company will increase from CNY 3,457,541,900 to CNY 4,447,541,900.

The transaction has been approved in the 55th meeting of the investor's 9th directorate and the 28th meeting of the investor's 9th supervisory board, and does not need the shareholders' approval of the investor.