Qingdao Hi-Tech New Materials Technology Co., Ltd. announced that it will received CNY 70 million in an equity round of funding on January 24, 2024. The transaction will include participation from returning investor, Qingdao Hi-Tech Moulds & Plastics Technology Co., Ltd. The transaction has been approved at the 17th meeting of the second board of directors and the 16th meeting of the second board of supervisors of Qingdao Hi-Tech Moulds & Plastics Technology Co., Ltd. and does not need to be submitted to the general meeting of shareholders for review. After the capital increase is completed, the registered capital of the company will increase from CNY 100 million to CNY 170 million.