Qingdao Hi-Tech New Materials Technology Co., Ltd. announced that it will raise CNY 90,000,000 in its equity round of funding on July 20, 2023. The transaction will include participation from returning investor Qingdao Hi-Tech Moulds & Plastics Technology Co., Ltd. Qingdao Hi-Tech New Materials Technology Co., Ltd.'s registered capital will increase from CNY 10,000,000 to CNY 100,000,000. The transaction has been approved in the 10th Meeting of the Company?s 2nd Directorate and the 10th Meeting of the 2nd Supervisory Board.