Ruyuan Hec Fluororesin Co., Ltd. announced that it will receive CNY 75 million in an equity round of funding on March 26, 2021. The transaction will include participation from new investor Shanghai Putailai New Energy Technology Co., Ltd. (SHSE:603659). Post the transaction, Shanghai Putailai New Energy Technology Co., Ltd. (SHSE:603659) will hold 60% stake in the company and Ruyuan Hec Fluorine Co., Ltd.'s stake holding will decrease from 100% to 40%. The transaction is subject to the subsequent signing of a formal capital increase agreement.