Beijing Shenghua Chuangshi Technology Co., Ltd. announced that it will receive CNY 92,200,000 in an equity round on November 26, 2020. The transaction will include participation from returning investor, Shandong Shida Shenghua Chemical Group Company Limited (SHSE:603026) to retain 100% stake in the company. Post to the transaction, the registered capital of the company will increase from CNY 5,000,000 to CNY 97,200,000. The transaction has been approved in the 25th meeting of the 6th directorate of the investor and does not need its shareholders’ approval.