Guangdong Dongyue Environmental Protection Technology Co., Ltd announced that it will receive CNY 46.76 million in a round of funding on October 27, 2022. The transaction will include participation from existing investor, Qingdao Huicheng Environmental Technology Group Co., Ltd., Zhang Xingong, Wang Jianfeng, Wang Shuxia, Wang Xingmin and Wang Lin. The transaction has been approved in the eleventh meeting of the third board of directors.

Post completion of the transaction, the registered capital will increase from CNY 200 million to CNY 246.76 million.