Inner Mongolia Sanwei New Materials Co., Ltd. announced that it has received CNY 300 million in an equity round of funding through capital increase on January 5, 2022. The transaction included participation from returning investors Sanwei Holding Group Co.,Ltd (CNY 270 million ) and Yao Zhende (CNY 30 million). The registered capital of company has increased from CNY 900 million to CNY 1,200 million.

This capital increase does not need to be submitted to the company's board of directors for consideration. The company has completed the industrial and commercial registration procedures for capital increase.