Road Bio-Environmental Technology (Gulin) Co., Ltd. announced that it would receive CNY 32,000,000 in an equity round of funding from returning investor Road Environment Technology.,Ltd. on August 19, 2021. The registered capital of the company will increase from CNY 73,500,000 to CNY 93,500,000 and CNY 12,000,000 will be included in the capital reserve. After the completion of the transaction, investor stake will increase from 89.12% to 91.45% stake in the company.

The transaction has been approved in the at the 16th meeting of the third board of directors and the 16th meeting of the third board of supervisors of the investor, and need to be implemented after the approval of the general meeting of its shareholders.