Jiangxi Lianguan New Material Technology Co., Ltd. Ltd announced that it will receive CNY 320 million in an equity round of funding through capital increase from retuning investor Shanghai Yongguan Adhesive Products Corp., Ltd. to retain 100% stake in the company on August 30, 2022. The CNY 64 million is included in the newly added registered capital, and the remaining CNY 256 million is included in the capital reserve. After the capital increase was completed, the registered capital will increased from CNY 100 million to CNY 164 million.

The transaction has been approved at 28th meeting of the third board of directors.