Linyi Tianju Energy Saving Material Technology Co., Ltd announced that it will receive CNY 740,000,000 in an equity round of funding from returning investor Shandong Fiberglass Group Co., Ltd on February 18, 2023. The transaction was approved by the board of directors of the company at its 21st session of the company?s 3rd directorate and the 19th session of the company?s 3rd supervisory board. Post to the closing, the registered capital of the company will increase from CNY 170,000,000 to CNY 910,000,000.